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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OSTI ID:5340164
Senate bill 771 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. This act is effective for all discharges occurring after March 23, 1989, in taxable years after that date. The purpose of this act is to establish that the public should not pay for discharges; that those injured economically by the discharges be fully compensated; that all ecological damages be mitigated to maintain the integrity and productivity of these ecosystems; that persons paying for cleanup and compensation receive Federal tax deductions only if their cleanup meets Federal standards; that revenues accruing to the treasury from deductions due to inadequate cleanup be dedicated to the Clean Water Act Fund or Superfund; and that responsible agencies report to Congress yearly on cleanup costs and revenues.
- OSTI ID:
- 5340164
- Country of Publication:
- United States
- Language:
- English
Similar Records
H. R. 1935: Oil spill Bill. Introduced in the House of Representatives, One Hundred First Congress, First Session, April 13, 1989
H. R. 2223: Oil Spill Resource Restoration Act. Introduced in the House of Representatives, One Hundred First Congress, First Session, May 3, 1989
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
Book
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Sat Dec 31 23:00:00 EST 1988
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OSTI ID:5237297
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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Sat Dec 31 23:00:00 EST 1988
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OSTI ID:5334066
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
Book
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Mon Dec 31 23:00:00 EST 1990
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OSTI ID:5089328
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
54 ENVIRONMENTAL SCIENCES
540350 -- Environment
Aquatic-- Site Resource & Use Studies-- (1990-)
AMENDMENTS
CLEANING
COST
ECONOMIC IMPACT
ECONOMIC POLICY
ECOSYSTEMS
ENVIRONMENTAL POLICY
FINANCING
GOVERNMENT POLICIES
HAZARDOUS MATERIALS SPILLS
LAWS
LEGISLATION
LEGISLATIVE TEXT
LOSSES
MITIGATION
OIL SPILLS
POLLUTION REGULATIONS
REGULATIONS
TAX CREDITS
TAX LAWS
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
54 ENVIRONMENTAL SCIENCES
540350 -- Environment
Aquatic-- Site Resource & Use Studies-- (1990-)
AMENDMENTS
CLEANING
COST
ECONOMIC IMPACT
ECONOMIC POLICY
ECOSYSTEMS
ENVIRONMENTAL POLICY
FINANCING
GOVERNMENT POLICIES
HAZARDOUS MATERIALS SPILLS
LAWS
LEGISLATION
LEGISLATIVE TEXT
LOSSES
MITIGATION
OIL SPILLS
POLLUTION REGULATIONS
REGULATIONS
TAX CREDITS
TAX LAWS