FL H0679

Urges Congress to exempt from federal income tax all claim payments made to individuals and businesses for lost wages, income, profits, and property damage resulting from the Deepwater Horizon oil rig explosion on April 20, 2010

Requests Congress allow fishing- and tourism-related businesses affected by the disaster to carry back net operating losses for an additional 3 taxable years (extending the carryback period from 2 years to 5 years)

Establishes context that BP was designated as the responsible party and agreed to contribute $20 billion over 4 years to the Gulf Coast Claims Facility for claims processing

References a preliminary University of Central Florida study predicting potential job losses of 195,000 and spending losses of $10.9 billion across 23 Gulf Coast counties if tourism impacts reached 50 percent

Directs copies of the memorial be sent to the President, Congressional leadership, and all members of Florida's congressional delegation