US HB2821 | 2011-2012 | 112th Congress
Status
Sponsorship: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on August 30 2011 - 25% progression, died in committee
Action: 2011-08-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 30 2011 - 25% progression, died in committee
Action: 2011-08-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows taxpayers to elect to include any payment from BP PLC for damages related to the blowout and explosion on the mobile offshore drilling unit Deepwater Horizon that occurred on April 20, 2010, in gross income ratably over a three-year period for tax purposes (income averaging).
Title
To allow damage payments from BP in connection with the blowout and explosion on the offshore drilling unit Deepwater Horizon to be included in gross income ratably over 3 years.
Sponsors
| Rep. Steven Palazzo [R-MS] | Rep. Jo Bonner [R-AL] | Rep. Gregg Harper [R-MS] | Rep. Jeff Miller [R-FL] |
| Rep. Alan Nunnelee [R-MS] | Rep. Cedric Richmond [D-LA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-08-30 | House | Referred to the House Committee on Ways and Means. |
Subjects
Accidents
Disaster relief and insurance
Gulf of Mexico
Income tax deferral
Marine and coastal resources, fisheries
Marine pollution
Oil and gas
Pollution liability
Taxation
Disaster relief and insurance
Gulf of Mexico
Income tax deferral
Marine and coastal resources, fisheries
Marine pollution
Oil and gas
Pollution liability
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/2821/all-info |
| Text | https://www.congress.gov/112/bills/hr2821/BILLS-112hr2821ih.pdf |
