H.R. 6658 · 115th Congress
Offending Oil Polluters Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
EngelSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Internal Revenue Code to deny certain tax credits or deductions to an offending oil polluter.
What it does: CRS summary · Introduced in House · Aug 7, 2018
Offending Oil Polluters Act
This bill amends the Internal Revenue Code to deny certain tax credits or deductions to an offending oil polluter. The bill defines "offending oil polluter" as any person who is responsible for a vessel or facility from which oil or a hazardous substance is discharged and any person who is a member of the same expanded affiliated group as the offending oil polluter.
Specifically, the bill denies a deduction or a credit for any amount paid or incurred:
- in connection with a discharge of oil or a hazardous substance,
- for attorney fees and court costs in connection with any legal action involving such discharge,
- as a payment or restitution related to such discharge, and
- for costs or penalties certified in a settlement by a federal court or required by federal law or regulations.
The Department of the Treasury must report to Congress regarding: (1) the revenue loss as a result of tax deductions allowed for cleaning up oil that is discharged after April 19, 2010, and (2) the amount of revenue savings resulting from this bill.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Offending Oil Polluters Act
Latest action (Aug 7, 2018): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Aug 7, 2018
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.