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    <updateDate>2023-01-11T19:58:31Z</updateDate>
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            <date>2007-02-12T21:34:08Z</date>
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        <title>Exxon Valdez Oil Spill Tax Treatment Act</title>
        <congress>110</congress>
        <number>1334</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2007-03-06</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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        <text>Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1855)</text>
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        <actionDate>2007-02-12</actionDate>
        <text>Sponsor introductory remarks on measure. (CR S1854-1855)</text>
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        <text>Introduced in Senate</text>
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        <fullName>Sen. Murkowski, Lisa [R-AK]</fullName>
        <firstName>Lisa</firstName>
        <lastName>Murkowski</lastName>
        <party>R</party>
        <state>AK</state>
        <isByRequest>N</isByRequest>
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        <fullName>Sen. Stevens, Ted [R-AK]</fullName>
        <firstName>THEODORE</firstName>
        <lastName>STEVENS</lastName>
        <party>R</party>
        <state>AK</state>
        <middleName>F.</middleName>
        <sponsorshipDate>2007-02-12</sponsorshipDate>
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    <policyArea>
      <name>Taxation</name>
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    <subjects>
      <legislativeSubjects>
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          <name>Agriculture and Food</name>
        </item>
        <item>
          <name>Alaska</name>
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          <name>Annuities</name>
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          <name>Civil actions and liability</name>
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          <name>Damages</name>
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          <name>Environmental Protection</name>
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          <name>Estates (Law)</name>
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          <name>Farm income</name>
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          <name>Labor and Employment</name>
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          <name>Law</name>
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          <name>Liability for environmental damages</name>
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          <name>Oil pollution</name>
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          <name>Self-employed</name>
        </item>
        <item>
          <name>Tax administration</name>
        </item>
        <item>
          <name>Tax exclusion</name>
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        <item>
          <name>Tax-deferred compensation plans</name>
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        <actionDate>2007-02-12</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2007-02-26T20:44:32Z</updateDate>
        <text><![CDATA[ <p>Exxon Valdez Oil Spill Tax Treatment Act - Allows taxpayers who are plaintiffs in the civil action <i>In re Exxon Valdez</i>, No. 89-095-CV (HRH) (Consolidated) (D. Alaska), or their heirs or dependents, to: (1) elect to average, for income tax purposes, income received in settlement of such civil action for the period beginning on January 1, 1994, and ending on December 31 of the year in which any settlement income is received; and (2) make contributions of any amount of such settlement income to certain tax-exempt retirement plans in the year such income is received.</p>]]></text>
      </summary>
    </summaries>
    <title>Exxon Valdez Oil Spill Tax Treatment Act</title>
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        <titleType>Official Title as Introduced</titleType>
        <title>A bill to provide for the tax treatment of income received in connection with the litigation concerning the Exxon Valdez oil spill and for other purposes.</title>
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        <titleType>Display Title</titleType>
        <title>Exxon Valdez Oil Spill Tax Treatment Act</title>
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        <titleType>Short Titles as Introduced</titleType>
        <title>Exxon Valdez Oil Spill Tax Treatment Act</title>
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        <type>Introduced in Senate</type>
        <date>2007-02-12T05:00:00Z</date>
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    <latestAction>
      <actionDate>2007-02-12</actionDate>
      <text>Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1855)</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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