3.0.0 5300 2023-01-13T04:48:31Z 2023-01-13T04:48:31Z House H HR 2006-05-04 109 hssy00 Science, Space, and Technology Committee House Standing hssy20 Energy Subcommittee Referred to 2006-05-16T15:12:19Z Referred to 2006-05-04T14:01:05Z hsii00 Natural Resources Committee House Standing hsii06 Energy and Mineral Resources Subcommittee Referred to 2006-05-15T20:28:23Z Referred to 2006-05-04T14:01:00Z hswm00 Ways and Means Committee House Standing Referred to 2006-05-04T14:00:50Z Gas Tax Equity Act of 2006 109 5285 HR 2006-05-16 Referred to the Subcommittee on Energy. Related bill CRS Energy Fairness for America Act 109 2670 S 2006-04-27 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3712-3714) Related bill CRS 2006-05-16 hssy20 Energy Subcommittee 1 House committee actions Referred to the Subcommittee on Energy. Committee 2006-05-15 hsii06 Energy and Mineral Resources Subcommittee 1 House committee actions Referred to the Subcommittee on Energy and Mineral Resources. Committee 2006-05-15 hsii00 Natural Resources Committee 1 House committee actions Executive Comment Requested from Interior. Committee 2006-05-04 Referred to the Committee on Ways and Means, and in addition to the Committees on Resources, and Science, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hssy00 Science, Space, and Technology Committee 2006-05-04 Referred to the Committee on Ways and Means, and in addition to the Committees on Resources, and Science, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsii00 Natural Resources Committee 2006-05-04 Referred to the Committee on Ways and Means, and in addition to the Committees on Resources, and Science, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2006-05-04 Referred to the Committee on Ways and Means, and in addition to the Committees on Resources, and Science, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2006-05-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-05-04 Introduced in House IntroReferral 1000 9 Library of Congress H000627 Rep. Hinchey, Maurice D. [D-NY-22] MAURICE HINCHEY D NY D. 22 N H000324 Rep. Hastings, Alcee L. [D-FL-23] ALCEE HASTINGS D FL L. 23 2006-05-04 True M000133 Rep. Markey, Edward J. [D-MA-7] Edward Markey D MA J. 7 2006-05-04 True I000026 Rep. Inslee, Jay [D-WA-1] JAY INSLEE D WA 1 2006-05-04 True M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2006-05-04 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2006-05-04 True S000033 Rep. Sanders, Bernard [I-VT-At Large] Bernard Sanders I VT 0 2006-05-04 True M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2006-05-04 True S000810 Rep. Stark, Fortney Pete [D-CA-13] PETE STARK D CA 13 2006-05-04 True M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2006-05-04 True M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2006-05-04 True L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2006-05-04 True S001150 Rep. Schiff, Adam B. [D-CA-29] ADAM SCHIFF D CA B. 29 2006-05-04 True G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2006-05-04 True C001036 Rep. Capps, Lois [D-CA-23] LOIS CAPPS D CA 23 2006-05-04 True O000006 Rep. Oberstar, James L. [D-MN-8] JAMES OBERSTAR D MN L. 8 2006-05-04 True R000011 Rep. Rahall, Nick J., II [D-WV-3] NICK RAHALL D WV J. 3 2006-05-04 True M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2006-05-04 True R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2006-05-04 True M000725 Rep. Miller, George [D-CA-7] GEORGE MILLER D CA 7 2006-05-04 True D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2006-05-04 True M000627 Rep. Meehan, Martin T. [D-MA-5] MARTIN MEEHAN D MA T. 5 2006-05-04 True W000314 Rep. Wexler, Robert [D-FL-19] ROBERT WEXLER D FL 19 2006-05-04 True D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2006-05-04 True W000738 Rep. Woolsey, Lynn C. [D-CA-6] LYNN WOOLSEY D CA 6 2006-05-04 True T000326 Rep. Towns, Edolphus [D-NY-10] EDOLPHUS TOWNS D NY 10 2006-05-04 True L000480 Rep. Lowey, Nita M. [D-NY-18] NITA LOWEY D NY M. 18 2006-05-04 True S001045 Rep. Stupak, Bart [D-MI-1] BART STUPAK D MI 1 2006-05-04 True C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2006-06-28 False Taxation Alaska Commerce Corporation taxes Depletion allowances Electric power transmission Energy Foreign tax credit Gas in submerged lands Gas pipelines Geology Geophysical prediction Gulf of Mexico Income tax Inventories Marine and coastal resources, fisheries Natural gas Oil and gas royalties Oil well drilling Petroleum in submerged lands Petroleum industry Petroleum refineries Submarine oil well drilling Tax administration Tax credits Tax deductions Tax deferral Taxation of foreign income Transportation and Public Works Taxation 00 2006-05-04 Introduced in House 2006-05-26T18:32:37Z Energy Fairness for America Act - Amends the Internal Revenue Code to terminate: (1) the tax deduction for oil and gas intangible drilling and development costs; (2) the percentage depletion allowance for oil and gas wells; and (3) the tax credit for enhanced oil recovery costs.

Repeals provisions of the Energy Policy Act of 2005 relating to: (1) oil and gas royalties in-kind; (2) marginal property production incentives; (3) incentives for natural gas production in the Gulf of Mexico; (4) royalty suspension for deep water production; (5) the inventory of Outer Continental Shelf oil and natural gas resources; (6) the ultra-deepwater and unconventional natural gas and other petroleum resources program; (7) Alaska offshore royalty suspension; (8) accelerated depreciation of electric transmission property, natural gas distribution lines, and natural gas gathering lines and expensing of liquid fuel refinery property; (9) the exemption of small oil refiners from limitations on the oil depletion allowance; and (10) two-year amortization of geological and geophysical expenditures.

Requires certain large integrated oil companies to revalue their LIFO inventories of crude oil, natural gas, or other petroleum productions using a specified formula.

Limits or denies the foreign tax credit and tax deferrals for dual capacity taxpayers (taxpayers receiving economic and tax benefits from certain foreign jurisdictions), foreign oil and gas income, and foreign oil and gas extraction income.

]]> Energy Fairness for America Act Display Title Energy Fairness for America Act Official Title as Introduced To restore fairness in the provision of incentives for oil and gas production, and for other purposes. Introduced in House IH Short Titles as Introduced Energy Fairness for America Act Introduced in House 2006-05-04T04:00:00Z 2006-05-16 Referred to the Subcommittee on Energy. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.