Rep. Palazzo bill would ease tax burden of people receiving BP damage awards

BP said it paid out $266 million to individuals and companies through a damage claim process it set up. That represents the majority of the $501 million in payments it made to Mississippi last year.

Palazzo added that similar tax changes have been made before to help damage award recipients, such as those receiving payments related to the Exxon Valdez oil spill.

Tags

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed..

 

Main Area Top ↴

Testing Homepage Widget

 

Main Area Middle ↴
Main Area Bottom ↴

Top Stories

See All

Most Popular

Load more

Video

See all Video