[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 1350 Introduced in Senate (IS)]

113th CONGRESS
  1st Session
                                S. 1350

 To exclude from gross income compensation provided for victims of the 
       March 29, 2013, pipeline oil spill in Mayflower, Arkansas.


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                   IN THE SENATE OF THE UNITED STATES

                             July 24, 2013

Mr. Boozman (for himself and Mr. Pryor) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To exclude from gross income compensation provided for victims of the 
       March 29, 2013, pipeline oil spill in Mayflower, Arkansas.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Mayflower Oil Spill Tax Relief Act 
of 2013''.

SEC. 2. MAYFLOWER, ARKANSAS, OIL SPILL COMPENSATION EXCLUDED FROM GROSS 
              INCOME.

    For purposes of the Internal Revenue Code of 1986--
            (1) the March 29, 2013, pipeline rupture and oil spill in 
        Mayflower, Arkansas, shall be treated as a qualified disaster 
        under section 139(c) of such Code, and
            (2) any compensation provided to or for the benefit of a 
        victim of such disaster shall be treated as a qualified 
        disaster relief payment under section 139(b) of such Code.
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