Tax Issues and the Gulf of Mexico Oil Spill. : Legal Analysis of Payments and Tax Relief Policy Options.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Disaster relief.

Economic policy.

America, Gulf of.

Physical Description:

1 online resource (18 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2010.

System Details:

text file

Summary:

Provides legal analysis of tax status of payments received by Gulf Coast victims from BP under current law, in light of Deepwater Horizon oil spill disaster in the Gulf of Mexico. Highlights difference between payments received for lost income versus those received to compensate for property loss and physical injuries. Comments on tax implications of Federal disaster declarations. Considers oil spill tax relief policy options, provides economic analysis, and covers legislative response.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Sept. 2012). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress.Congressional Research Service. Tax Issues and the Gulf of Mexico Oil Spill

Access Restriction:

Restricted for use by site license.