H.R. 5598 (111th): Oil Spill Tax Relief Act of 2010

Introduced:
Jun 24, 2010 (111th Congress, 2009–2010)
Sponsor:
Rep. Charles Melancon [D-LA3]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


6/24/2010--Introduced.
Oil Spill Tax Relief Act of 2010 - Treats as a qualified disaster for income tax purposes the explosion on and sinking of the mobile offshore drilling unit Deepwater Horizon and the discharge of oil in the Gulf of Mexico caused by such explosion and sinking. Excludes from gross income, for income tax purposes, compensation paid by BP, PLC to the victims of such disaster.

House Republican Conference Summary

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House Democratic Caucus Summary

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