3.0.0 7579 2023-01-11T13:45:57Z 2023-01-11T13:45:57Z House HR 2020-07-13 116 [Congressional Record Volume 166, Number 125 (Monday, July 13, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BURGESS:H.R. 7579.Congress has the power to enact this legislation pursuantto the following:The attached legislation falls under Congress' enumeratedConstitutional authority to impose taxes pursuant to ArticleI, Section 8, Clause 1 and regulate the properties of theUnited States pursuant to Article IV, Section 3, Clause 2.[Page H3083]]]> hsii00 Natural Resources Committee House Standing Referred to 2020-07-13T16:04:00Z hswm00 Ways and Means Committee House Standing hswm05 Tax Subcommittee Referred to 2020-07-13T14:03:57Z Referred to 2020-07-13T16:03:50Z SAVE Jobs Act 116 4041 S 2020-06-23 Read twice and referred to the Committee on Finance. Identical bill CRS 2020-07-13 Referred to the Committee on Ways and Means, and in addition to the Committee on Natural Resources, 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 2020-07-13 Referred to the Committee on Ways and Means, and in addition to the Committee on Natural Resources, 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 2020-07-13 hswm05 Tax Subcommittee 1 House committee actions Referred to the Subcommittee on Select Revenue Measures. Committee 2020-07-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-13 Introduced in House IntroReferral 1000 9 Library of Congress B001248 Rep. Burgess, Michael C. [R-TX-26] Michael Burgess R TX C. 26 N F000461 Rep. Flores, Bill [R-TX-17] Bill Flores R TX 17 2020-07-13 True C001051 Rep. Carter, John R. [R-TX-31] John Carter R TX R. 31 2020-07-13 True C001062 Rep. Conaway, K. Michael [R-TX-11] K. Conaway R TX Michael 11 2020-07-13 True C001120 Rep. Crenshaw, Dan [R-TX-2] Dan Crenshaw R TX 2 2020-07-13 True B001250 Rep. Bishop, Rob [R-UT-1] Rob Bishop R UT 1 2020-07-13 True B001306 Rep. Balderson, Troy [R-OH-12] Troy Balderson R OH 12 2020-08-04 False P000615 Rep. Pence, Greg [R-IN-6] Greg Pence R IN 6 2020-08-04 False M001198 Rep. Marshall, Roger [R-KS-1] Roger Marshall R KS 1 2020-08-04 False O000168 Rep. Olson, Pete [R-TX-22] Pete Olson R TX 22 2020-08-21 False S001192 Rep. Stewart, Chris [R-UT-2] Chris Stewart R UT 2 2020-08-21 False C001087 Rep. Crawford, Eric A. "Rick" [R-AR-1] Eric Crawford R AR A. "Rick" 1 2020-08-21 False N000189 Rep. Newhouse, Dan [R-WA-4] Dan Newhouse R WA 4 2020-08-28 False C001109 Rep. Cheney, Liz [R-WY-At Large] Liz Cheney R WY 0 2020-08-28 False Taxation Air quality Appropriations Business expenses Cardiovascular and respiratory health Climate change and greenhouse gases Coal Emergency medical services and trauma care Energy revenues and royalties Government trust funds Income tax credits Income tax deductions Indian lands and resources rights Industrial facilities Infectious and parasitic diseases Manufacturing Marine and coastal resources, fisheries Mining Oil and gas Sales and excise taxes Strategic materials and reserves Taxation 00 2020-07-13 Introduced in House 2020-09-09T15:18:31Z Save American Vital Energy Jobs Act or the SAVE Jobs Act

This bill extends energy-related tax provisions and expands incentives for job creation in the energy sector during the COVID-19 (i.e., coronavirus disease 2019) emergency period.

Specifically, the bill

  • extends for one year the construction period for carbon oxide sequestration facilities for purposes of the tax credit,
  • suspends capitalization rules in 2020 to permit immediate expensing of certain inventory costs,
  • reduces the required deposit of certain motor fuel excise taxes from 95% to 25%,
  • allows expensing of intangible drilling costs in 2020,
  • permits extensions and suspensions of production and operations under onshore and offshore leases during the COVID-19 emergency period,
  • requires a royalty rate reduction during the COVID-19 emergency period for a maximum 180-day period, and
  • requires the Department of the Interior to delay until July 1, 2022, the effective date for compliance with the 2016 final rule titled Consolidated Federal Oil & Gas and Federal & Indian Coal Valuation Reform.
]]> SAVE Jobs Act Display Title SAVE Jobs Act Official Title as Introduced To assist the American energy sector in retaining jobs during challenging economic times. Introduced in House IH Short Title(s) as Introduced SAVE Jobs Act Introduced in House IH Short Title(s) as Introduced Save American Vital Energy Jobs Act Introduced in House IH Introduced in House 2020-07-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7579ih/xml/BILLS-116hr7579ih.xml 2020-07-13 Referred to the Committee on Ways and Means, and in addition to the Committee on Natural Resources, 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. 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.