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H.R. 6579 · 112th Congress

To amend the Internal Revenue Code of 1986 to deny any deduction for compensatory payments made to any person…

Full title

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.

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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

7 cosponsors · 1 D, 6 R

0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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.

What it does: CRS summary · Introduced in House · Oct 26, 2012

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: 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.

Latest action (Oct 26, 2012): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Oct 26, 2012

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.