There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (08/16/2011)

Allows taxpayers to elect to include any payment from BP PLC for damages related to the blowout and explosion on the mobile offshore drilling unit Deepwater Horizon that occurred on April 20, 2010, in gross income ratably over a three-year period for tax purposes (income averaging).