Skip to main content
U.S. Department of Energy
Office of Scientific and Technical Information

H. R. 1935: Oil spill Bill. Introduced in the House of Representatives, One Hundred First Congress, First Session, April 13, 1989

Book ·
OSTI ID:5237297
H.R. 1935 would amend the Internal Revenue Code of 1986 to disallow deductions for costs in connection with oil and hazardous substances cleanup unless the requirements of all applicable Federal laws concerning such cleanup are met. The purposes are to establish that the public should not pay for oil spills or hazardous material spills; that economic losses connected with these spills should be fully compensated; that ecological damages should be mitigated; and that revenues accruing to the Treasury from deductions due to inadequate cleanup be dedicated to the Clean Water Act Fund or to the Superfund. The bill would be effective for all discharges occurring after March 23, 1989, in taxable years ending after that date.
OSTI ID:
5237297
Country of Publication:
United States
Language:
English