HR 1609 · 102th Congress · Taxation
To amend the Internal Revenue Code of 1986 to deny any deduction for compensatory damages paid to any government for damages to the environment resulting from a spill of any hazardous material.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(1991-03-22)
Plain Language Summary
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Amends the Internal Revenue Code to disallow trade or business expense deductions for compensatory damages paid to any government for environmental damages resulting from any incident involving a hazardous material.…
Summarized by Claude AI · Non-partisan · For informational purposes only