To amend the Internal Revenue Code of 1986 to clarify that certain settlement funds established under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 are beneficially owned by the United States and are not subject to tax.

Summary

Official

Amends the Internal Revenue Code to exempt from tax certain settlement funds established under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980.

How would you vote on this bill?

Yes No

Bill Progress

Bill has been introduced and assigned a number

Introduced(2/13/03)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. HOUGHTON

(R) NY – 34

Cosponsors (2)

BOEHLERT

(R) NY

BECERRA

(D) CA

Topics

Business & Finance

Environment & Public Lands

Law & The Judicial System

Latest Action

Referred to the House Committee on Ways and Means.

Feb 13, 2003

View Bill on Congress.gov