H. R. 2223: Oil Spill Resource Restoration Act. Introduced in the House of Representatives, One Hundred First Congress, First Session, May 3, 1989
Book
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OSTI ID:5334066
H.R. 2223 would provide for expedited assessment of damages from major oil spills, and would amend the Internal Revenue Code of 1986 to disallow deduction of the costs for cleanup of oil or hazardous substance discharges. Upon receiving a petition for expedited preliminary damage, the administrator would immediately initiate an assessment of the damages to natural resources. Within 20 days if it is found to be a major spill, the administrator designates trustees for overseeing both Federal and state natural resources that are affected, establishes a commission of these trustees, makes a determination regarding the party responsible for the spill, and directs that party to establish a trust fund accessible to the commission in an amount determined to be adequate to pay reasonable costs incurred by the commission for a full assessment of the damages and for preparing a restoration and replacement plan. Deductions for cleanup of spills would be allowed only if it can be certified that the taxpayer made good faith efforts to comply with the Clean Water Act for oil spills or with the Comprehensive Environmental Response, Compensation, and Liability Act for hazardous substances spills or if it can be proved that the spill was caused by an act of God, and act of war, negligence on the part of the US government, or an act of omission of a third party. The bill would be applicable to spills occurring after March 23, 1989.
- OSTI ID:
- 5334066
- Country of Publication:
- United States
- Language:
- English
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S. 771: Oil spill Bill. Introduced in the Senate of the United States, One Hundred First Congress, First Session, April 13, 1989
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Sat Dec 31 23:00:00 EST 1988
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OSTI ID:5237297
H. R. 1539: This Act may be cited as the Oil Spill Tax Act, introduced in the House of Representatives, One Hundred Second Congress, First Session, March 20, 1991
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OSTI ID:5089328
S. 771: Oil spill Bill. Introduced in the Senate of the United States, One Hundred First Congress, First Session, April 13, 1989
Book
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Sat Dec 31 23:00:00 EST 1988
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OSTI ID:5340164
Related Subjects
02 PETROLEUM
021000* -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
290300 -- Energy Planning & Policy-- Environment
Health
& Safety
294002 -- Energy Planning & Policy-- Petroleum
AMENDMENTS
CLEAN WATER ACT
CLEANING
COMPLIANCE
DAMAGE
ECOSYSTEMS
ENVIRONMENTAL POLICY
EVALUATION
FINANCING
GOVERNMENT POLICIES
LAND RECLAMATION
LAWS
LEGISLATION
LEGISLATIVE TEXT
LIABILITIES
NATIONAL GOVERNMENT
OIL SPILLS
PLANNING
POLLUTION LAWS
STATE GOVERNMENT
TAX LAWS
TIME DEPENDENCE
WATER RECLAMATION
021000* -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
290300 -- Energy Planning & Policy-- Environment
Health
& Safety
294002 -- Energy Planning & Policy-- Petroleum
AMENDMENTS
CLEAN WATER ACT
CLEANING
COMPLIANCE
DAMAGE
ECOSYSTEMS
ENVIRONMENTAL POLICY
EVALUATION
FINANCING
GOVERNMENT POLICIES
LAND RECLAMATION
LAWS
LEGISLATION
LEGISLATIVE TEXT
LIABILITIES
NATIONAL GOVERNMENT
OIL SPILLS
PLANNING
POLLUTION LAWS
STATE GOVERNMENT
TAX LAWS
TIME DEPENDENCE
WATER RECLAMATION