To amend the Internal Revenue Code of 1986 to deny refinery expensing to owners of refineries that are permitted to increase the discharge of pollutants into the Great Lakes.


Bad Polluters Act of 2007 - Amends the Internal Revenue Code to deny to a Great Lakes Polluter the taxpayer election to expense 50% of the cost of refinery property in the current taxpayer year. Defines "Great Lakes Polluter" as a refinery owner that holds a permit issued by the Environmental Protection Agency (EPA) to discharge a certain level of pollutants into the Great Lakes.

View comments | (Close Window)