[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2805 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 2805

For the relief of certain corporations from a tax liability incurred by 
   the import in 1994 and 1995 of Halon-1211 for recycling purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 5, 1999

  Ms. Kaptur introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
For the relief of certain corporations from a tax liability incurred by 
   the import in 1994 and 1995 of Halon-1211 for recycling purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. RELIEF FROM EXCISE TAX LIABILITY FOR IMPORT OF HALON-1211 
              FOR RECYCLING PURPOSES.

    In the case of the corporations with taxpayer identification 
numbers 23-2342674 and 77-0384905--
            (1) such corporations are relieved of liability for tax 
        under section 4681 of the Internal Revenue Code of 1986 
        (including interest and penalties) for the importation of 
        recovered or recycled Halon-1211 in 1994 and 1995, and
            (2) all excise tax paid by such corporations for such 
        importation under section 4681 of such Code shall be treated as 
        an overpayment,
as of the date of receipt by the Secretary of the Treasury of a 
certificate evidencing the destruction by such corporations, during the 
one-year period beginning on the date of the enactment of this Act, of 
75,197 pounds of Halon-1211 at a facility approved by the Environmental 
Protection Agency.
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