H.R.5598: Oil Spill Tax Relief Act of 2010

About This Bill

  • This bill was introduced in the 111th Congress
  • This bill is primarily about taxation
  • Introduced June 24, 2010
  • Latest Major Action June 24, 2010

Bill Cosponsors

2 (1 Democrat, 1 Republican)

Bill Summary

Oil Spill Tax Relief Act of 2010 - Treats as a qualified disaster for income tax purposes the explosion on and sinking of the mobile offshore drilling unit Deepwater Horizon and the discharge of oil in the Gulf of Mexico caused by such explosion and sinking. Excludes from gross income, for income tax purposes, compensation paid by BP, PLC to the victims of such disaster.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
June 24, 2010

Introduced in the House by Charlie Melancon (D-La.)

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