3.0.0 2636 2023-01-13T04:48:36Z 2023-01-13T04:48:36Z Senate S S 2006-04-25 109 ssfi00 Finance Committee Senate Standing Referred to 2006-04-25T14:44:18Z 2006-04-25 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2006-04-25 Sponsor introductory remarks on measure. (CR S3440) IntroReferral B00100 9 Library of Congress 2006-04-25 Introduced in Senate IntroReferral 10000 9 Library of Congress S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI N B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2006-05-01 False Taxation Accounting Commerce Corporation taxes Energy Finance and Financial Sector Foreign tax credit Income tax Inventories Petroleum industry Tax administration Tax rebates Taxation

00 2006-04-25 Introduced in Senate 2006-05-15T15:05:53Z Oil Company Accountability Act - Amends the Internal Revenue Code to: (1) grant individual taxpayers with adjusted gross incomes of not more than $120,000 a $500 tax rebate in 2006; (2) require large integrated oil companies to make certain adjustments to the value of their LIFO inventories of crude oil, natural gas, or other petroleum products; and (3) deny a foreign tax credit to large integrated oil companies designated as dual capacity taxpayers for amounts paid to a foreign country which does not have a generally applicable income tax and from which such oil companies receive an economic benefit. Defines "large integrated oil companies" as companies with annual gross receipts in excess of $1 billion and average daily worldwide crude oil production of at least 500,000 barrels.

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Display Title Official Title as Introduced Introduced in Senate IS Short Titles as Introduced Introduced in Senate 2006-04-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s2636is/xml/BILLS-109s2636is.xml 2006-04-25 Read twice and referred to the Committee on Finance. 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.