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house Bill H.R. 5995

Closing Oil Spill Tax Loopholes Act of 2010

bill Progress

  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Ways and Means
    IntroducedJuly 30th, 2010

Bill Details

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Closing Oil Spill Tax Loopholes Act of 2010

Official Title

To amend the Internal Revenue Code of 1986 to deny the trade or business expense deduction for damages paid pursuant to the Oil Pollution Act of 1990.


Closing Oil Spill Tax Loopholes Act of 2010 - Amends the Internal Revenue Code to deny a tax deduction for payment of any claim for damages under the Oil Spill Pollution Act of 1990 with respect to any discharge of oil.

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