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- S.1048
S.1048: A bill 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 June 14, 2001
- Latest Major Action June 14, 2001
Bill Sponsor
Bill Cosponsors
9 (5 Democrats, 5 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 |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| June 14, 2001 |
Introduced in the Senate by Michael DeWine (R-Ohio) |