To amend the Internal Revenue Code of 1986 to deny the trade or business expense deduction for damages paid pursuant to the Oil Pollution Act of 1990.
Closing Oil Spill Tax Loopholes Act of 2010 - Amends the Internal Revenue Code to deny a tax deduction for payment of any claim for damages under the Oil Spill Pollution Act of 1990 with respect to any discharge of oil.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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