3.0.0 1982 2023-01-13T04:49:35Z 2023-01-13T04:49:35Z Senate S S 2005-11-09 109 ssfi00 Finance Committee Senate Standing Referred to 2005-11-09T22:42:00Z 2005-11-09 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12614) IntroReferral 2005-11-09 Sponsor introductory remarks on measure. (CR S12613-12614) IntroReferral B00100 9 Library of Congress 2005-11-09 Introduced in Senate IntroReferral 10000 9 Library of Congress S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. N Taxation Accounting Commerce Energy Finance and Financial Sector Heating Housing and Community Development Income tax Inventories Petroleum industry Tax administration Tax credits Withholding tax Taxation 00 2005-11-09 Introduced in Senate 2005-12-09T18:59:12Z Home Energy Assistance Act of 2005 - Amends the Internal Revenue Code to allow a tax credit for residential heating costs paid in 2006. Allows a maximum credit of $500, but reduces or eliminates such credit for taxpayers at higher income levels.

Requires integrated oil companies with gross receipts in excess of $1 billion to use the first-in, first-out (FIFO) inventory accounting method for purposes of determining their current federal income tax liabilities.

]]> Home Energy Assistance Act of 2005 Display Title Home Energy Assistance Act of 2005 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide a tax credit against residential heating costs. Introduced in Senate IS Short Titles as Introduced Home Energy Assistance Act of 2005 Introduced in Senate 2005-11-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s1982is/xml/BILLS-109s1982is.xml 2005-11-09 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12614) 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.