H.R. 2940 — 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. | PoliFocus
H.R. 2940109th Congress
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.
Amends the Internal Revenue Code to exempt from income taxation certain settlement funds established under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980.
Full Text
Legislative Actions
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Ask about this bill
checking server…
Ask anything about this bill. The AI reads the full text to answer.