,,ii  #aacth ,,congress  #ast ,session  
,s4 #eii  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,march #ah1 #bjac   
,mr4 ,nelson 7for himself and ,mrs4     
,feinstein7 introduced the following    
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 of #aihf to disallow a deduction for   
amounts paid or incurred by a           
responsible party relating to a         
discharge of oil4  #a4 ,short title     
,this ,act may be cited as the ,oil     
,spill ,tax ,fairness ,act4  #b4 ,denial
 of deduction for amounts paid or       
incurred by a responsible party  7a7 ,in
 general ,section #afb of the ,internal 
,revenue ,code of #aihf is amended by   
redesignating subsection 7q7 as         
subsection 7r7 and by inserting after   
subsection 7p7 the following new        
subsection3  7q7 ,certain expenses of a 
responsible party  7#a7 ,in general ,no 
deduction shall be allowed under        
subsection 7a7 for any amount paid or   

incurred by a responsible party relating
 to any incident resulting in the       
discharge of oil into the navigable     
waters1 other than an incident caused by
 an act of ,god or an act of war4  7#b7 
,definitions ,any term used in paragraph
 7#a7 which is also used in the ,oil    
,pollution ,act of #aiij shall have the 
meaning given such term by such ,act4  4
  7b7 ,effective date ,the amendment    
made by this section shall apply to     
returns of tax the due date of which    
7including extensions of time7 is after 
the date of the enactment of this ,act4