HR 6579 · 112th Congress · Taxation

To amend the Internal Revenue Code of 1986 to deny any deduction for compensatory payments made to any person or governmental entity on account of the April 20, 2010, explosion on and sinking of the mobile offshore drilling unit Deepwater Horizon.

Introduced 2012-10-26· Sponsored by Rep. Bonner, Jo [R-AL-1]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2012-10-26)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to deny a business expense tax deduction for any compensatory payments made to any person or governmental entity on account of the explosion on and sinking of the mobile offshore drilling unit Deepwater Horizon on April 20, 2010.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (7)

1 Democrat6 Republicans
Rep. Bachus, Spencer [R-AL-6]AL
Rep. Aderholt, Robert B. [R-AL-4]AL
Rep. Rogers, Mike D. [R-AL-3]AL
Rep. Sewell, Terri A. [D-AL-7]AL
Rep. Roby, Martha [R-AL-2]AL
Rep. Miller, Jeff [R-FL-1]FL
Rep. Palazzo, Steven M. [R-MS-4]MS