3.0.0 851 2019-02-20T20:37:59Z 2019-02-23T23:35:05Z House H HR 2011-03-01 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BRALEY of Iowa:H.R. 851.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clause 18 of the UnitedStates Constitution.[Page H1455]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-03-01T15:03:05Z End Big Oil Tax Subsidies Act of 2011 112 601 HR 2011-02-10 Referred to the House Committee on Ways and Means. Related bill CRS Gas Price Relief Act of 2011 112 1813 HR 2011-05-10 Referred to the House Committee on Ways and Means. Related bill CRS Gas Tax Holiday Act 112 1889 HR 2011-05-12 Referred to the House Committee on Ways and Means. Related bill CRS 2011-03-01 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-03-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-03-01 Introduced in House IntroReferral 1000 9 Library of Congress B001259 Rep. Braley, Bruce L. [D-IA-1] Bruce Braley D IA L. 1 N Taxation Alternative and renewable resources Budget deficits and national debt Business investment and capital Income tax credits Income tax deductions Motor fuels Oil and gas Sales and excise taxes Small business Taxation 00 2011-03-01 Introduced in House 2011-04-11T18:58:32Z Clean Energy Jobs Act of 2011 - Amends the Internal Revenue Code to extend through 2016: (1) the income and excise tax credits for biodiesel and renewable diesel used as fuel and for alcohol used as fuel, (2) the cellulosic biofuel producer tax credit, and (3) the reduced credit for ethanol blenders.

Amends the Harmonized Tariff Schedule of the United States to extend through 2016 the additional tariff on ethyl alcohol blends (ethanol) used as fuel.

Requires seven-year amortization of the geological and geophysical expenditures of covered large oil companies. Defines a "covered large oil company" as a taxpayer that is a major integrated oil company or that has gross receipts in excess of $50 million in a taxable year.

Denies certain tax benefits to any taxpayer that is not a small, independent oil and gas company, including: (1) the tax credits for producing oil and gas from marginal wells and for enhanced oil recovery; (2) expensing of intangible drilling and development costs in the case of gas wells and geothermal wells; (3) percentage depletion; (4) the tax deduction for qualified tertiary injectant expenses; (5) the exemption from limitations on passive activity losses; and (6) the tax deduction for income attributable to domestic production activities.

Dedicates any increase in revenues resulting from this Act to the reduction of a federal budget deficit or the federal debt.

]]> Clean Energy Jobs Act of 2011 Short Titles as Introduced Clean Energy Jobs Act of 2011 Display Title Clean Energy Jobs Act of 2011 Official Title as Introduced To amend the Internal Revenue Code of 1986 to extend certain renewable fuel tax incentives and to repeal fossil fuel subsidies for large oil companies. Introduced in House 2011-03-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr851ih/xml/BILLS-112hr851ih.xml 2011-03-01 Referred to the House Committee on Ways and Means. 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.