H.R. 5598 · 111th Congress
Oil Spill Tax Relief Act of 2010
- Stage
- In committee
- Sponsor
- Charles Melancon
- Introduced
- 2010-06-24
- Latest action
- 2010-06-24 · Introduced in House
Summary
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.