3.0.0 4108 2022-03-01T05:34:22Z 2022-03-01T05:34:22Z House H HR 2012-02-29 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. BERKLEY:H.R. 4108.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8.[Page H1100]]]> hsii00 Natural Resources Committee House Standing hsii06 Energy and Mineral Resources Subcommittee Referred to 2012-03-09T18:39:14Z Referred to 2012-02-29T15:00:20Z hsbu00 Budget Committee House Standing Referred to 2012-02-29T15:00:25Z hswm00 Ways and Means Committee House Standing Referred to 2012-02-29T15:00:15Z Close Big Oil Tax Loopholes Act 112 258 S 2011-02-02 Read twice and referred to the Committee on Finance. Related bill CRS Close Big Oil Tax Loopholes Act 112 940 S 2011-05-17 Motion to proceed to consideration of measure, under the order of 5/16/2011, not having achieved 60 votes in the affirmative, was withdrawn in Senate. (consideration: CR S3039) Related bill CRS Repeal Big Oil Tax Subsidies Act 112 2204 S 2012-03-29 Cloture on the measure not invoked in Senate by Yea-Nay Vote. 51 - 47. Record Vote Number: 63. (consideration: CR S2199; text: CR S2199) Related bill CRS 2012-03-09 hsii06 Energy and Mineral Resources Subcommittee 1 House committee actions Referred to the Subcommittee on Energy and Mineral Resources. Committee 2012-02-29 Referred to the Committee on Ways and Means, and in addition to the Committees on Natural Resources, and the Budget, 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 hsbu00 Budget Committee 2012-02-29 Referred to the Committee on Ways and Means, and in addition to the Committees on Natural Resources, and the Budget, 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 2012-02-29 Referred to the Committee on Ways and Means, and in addition to the Committees on Natural Resources, and the Budget, 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 2012-02-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-02-29 Introduced in House IntroReferral 1000 9 Library of Congress B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 N Taxation Alternative and renewable resources Budget deficits and national debt Business investment and capital Energy revenues and royalties Foreign and international corporations Income tax credits Income tax deductions Marine and coastal resources, fisheries Oil and gas Taxation of foreign income Taxation 00 2012-02-29 Introduced in House 2012-04-02T14:58:11Z Clean Energy Jobs Act of 2012 - Amends the Internal Revenue Code to allow additional allocations of credits under the qualifying advanced energy project (i.e., the project for the production of renewable and alternative energy resources) in 2012.

Limits or repeals certain tax benefits for major integrated oil companies (defined as companies with annual gross receipts over $1 billion and an average daily worldwide production of crude oil of at least 500,000 barrels), including: (1) the foreign tax credit; (2) the tax deduction for income attributable to oil, natural gas, or primary products thereof; (3) the tax deduction for intangible drilling and development costs; (4) the percentage depletion allowance for oil and gas wells; and (5) the tax deduction for qualified tertiary injectant expenses.

Amends the Energy Policy Act of 2005 to repeal royalty relief (suspension of royalties) for: (1) natural gas production from deep wells in shallow waters of the Gulf of Mexico; and (2) deep water oil and gas production in the Western and Central Planning Area of the Gulf (including the portion of the Eastern Planning Area encompassing whole lease blocks lying west of 87 degrees, 30 minutes west longitude).

Dedicates any increased revenue generated by this Act to the reduction of a federal budget deficit or the federal debt.

Provides for compliance of the budgetary effects of this Act with the Statutory Pay-As-You-Go Act of 2010.

]]> Clean Energy Jobs Act of 2012 Short Titles as Introduced Clean Energy Jobs Act of 2012 Display Title Clean Energy Jobs Act of 2012 Official Title as Introduced To amend the Internal Revenue Code of 1986 to increase and extend the credit for qualifying advanced energy projects, and for other purposes. Introduced in House 2012-02-29T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr4108ih/xml/BILLS-112hr4108ih.xml 2012-03-09 Referred to the Subcommittee on Energy and Mineral Resources. 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.