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- H.R.1412
H.R.1412: To amend the Internal Revenue Code of 1986 to provide relief for payment of asbestos-related claims.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced April 4, 2001
- Latest Major Action April 5, 2001
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
127 (50 Democrats, 1 Independent, 77 Republicans)
Bill Summary
Amends Internal Revenue Code provisions concerning designated settlement funds to exempt from tax any designated settlement fund established for the principal purpose of resolving and satisfying present and future claims relating to asbestos. Sets forth special rules concerning asbestos liability losses.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Sponsor introductory remarks on measure.
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April 4, 2001 |
Introduced in the House by Michael Allen Collins (R-Ga.) |