3.0.0 2184 2023-01-11T13:48:03Z 2023-01-11T13:48:03Z House HR 2021-03-26 117 [Congressional Record Volume 167, Number 57 (Friday, March 26, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BLUMENAUER:H.R. 2184.Congress has the power to enact this legislation pursuantto the following:Clause 1 of Section 8 of Article I of the Constitution.[Page H1692]]]> hswm00 Ways and Means Committee House Standing Referred to 2021-03-26T18:05:20Z Tar Sands Tax Loophole Elimination Act 117 1612 HR 2021-03-08 Referred to the House Committee on Ways and Means. Related bill CRS Tar Sands Tax Loophole Elimination Act 117 683 S 2021-03-10 Read twice and referred to the Committee on Finance. Related bill CRS 2021-03-26 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2021-03-26 Sponsor introductory remarks on measure. (CR E309) IntroReferral B00100 9 Library of Congress 2021-03-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-03-26 Introduced in House IntroReferral 1000 9 Library of Congress B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 N C001117 Rep. Casten, Sean [D-IL-6] Sean Casten D IL 6 2021-03-26 True M001200 Rep. McEachin, A. Donald [D-VA-4] A. McEachin D VA Donald 4 2021-03-26 True P000618 Rep. Porter, Katie [D-CA-45] Katie Porter D CA 45 2021-03-26 True E000215 Rep. Eshoo, Anna G. [D-CA-18] ANNA ESHOO D CA G. 18 2021-04-05 False C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 2021-04-05 False N000192 Rep. Newman, Marie [D-IL-3] Marie Newman D IL 3 2021-04-05 False J000306 Rep. Jones, Mondaire [D-NY-17] Mondaire Jones D NY 17 2021-04-08 False P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2021-04-08 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2021-04-12 False P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2021-04-14 False K000380 Rep. Kildee, Daniel T. [D-MI-5] Daniel Kildee D MI T. 5 2021-04-16 False L000397 Rep. Lofgren, Zoe [D-CA-19] ZOE LOFGREN D CA 19 2021-05-04 False H001068 Rep. Huffman, Jared [D-CA-2] Jared Huffman D CA 2 2021-05-18 False C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2021-05-28 False T000472 Rep. Takano, Mark [D-CA-41] Mark Takano D CA 41 2021-05-28 False S000344 Rep. Sherman, Brad [D-CA-30] BRAD SHERMAN D CA 30 2021-05-28 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2021-05-28 False C000754 Rep. Cooper, Jim [D-TN-5] JAMES COOPER D TN H. 5 2021-05-28 False E000296 Rep. Evans, Dwight [D-PA-3] Dwight Evans D PA 3 2021-05-28 False E000297 Rep. Espaillat, Adriano [D-NY-13] Adriano Espaillat D NY 13 2021-06-04 False G000586 Rep. Garcia, Jesus G. "Chuy" [D-IL-4] Jesus Garcia D IL G. 4 2021-06-04 False M001188 Rep. Meng, Grace [D-NY-6] Grace Meng D NY 6 2021-06-16 False B001278 Rep. Bonamici, Suzanne [D-OR-1] Suzanne Bonamici D OR 1 2021-06-16 False T000469 Rep. Tonko, Paul [D-NY-20] Paul Tonko D NY 20 2021-06-16 False D000623 Rep. DeSaulnier, Mark [D-CA-11] Mark DeSaulnier D CA 11 2021-06-17 False B001285 Rep. Brownley, Julia [D-CA-26] Julia Brownley D CA 26 2021-06-22 False D000197 Rep. DeGette, Diana [D-CO-1] DIANA DEGETTE D CO 1 2021-07-13 False K000389 Rep. Khanna, Ro [D-CA-17] Ro Khanna D CA 17 2021-07-20 False L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2021-07-20 False L000582 Rep. Lieu, Ted [D-CA-33] Ted Lieu D CA 33 2021-07-28 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2021-07-28 False W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2021-08-06 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2021-08-20 False D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2021-08-20 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2021-08-20 False M001166 Rep. McNerney, Jerry [D-CA-9] Jerry McNerney D CA 9 2021-08-20 False W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 2021-08-20 False M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 2021-08-24 False L000559 Rep. Langevin, James R. [D-RI-2] JAMES LANGEVIN D RI R. 2 2021-09-10 False R000606 Rep. Raskin, Jamie [D-MD-8] Jamie Raskin D MD 8 2021-09-10 False G000585 Rep. Gomez, Jimmy [D-CA-34] Jimmy Gomez D CA 34 2021-10-08 False D000624 Rep. Dingell, Debbie [D-MI-12] Debbie Dingell D MI 12 2021-10-19 False L000579 Rep. Lowenthal, Alan S. [D-CA-47] Alan Lowenthal D CA S. 47 2021-10-19 False L000593 Rep. Levin, Mike [D-CA-49] Mike Levin D CA 49 2021-10-21 False S001168 Rep. Sarbanes, John P. [D-MD-3] John Sarbanes D MD P. 3 2021-10-22 False Taxation Accounting and auditing Administrative law and regulatory procedures Business expenses Department of the Treasury Income tax credits Income tax deductions Motor fuels Oil and gas Pipelines Sales and excise taxes Tax administration and collection, taxpayers Taxation of foreign income Taxation 00 2021-03-26 Introduced in House 2021-06-14T18:25:42Z End Oil and Gas Tax Subsidies Act of 2021

This bill limits or repeals certain fossil fuel oil and gas subsidies for oil companies. Specifically, it

  • increases to seven years the amortization period for geological and geophysical expenditures;
  • repeals the tax credits for producing oil and gas from marginal wells and for enhanced oil recovery;
  • repeals the tax deduction for the intangible drilling and development costs of oil and gas wells;
  • repeals percentage depletion;
  • repeals the tax deduction for tertiary injectant expenses;
  • repeals the passive loss exception for working interests in oil and gas property;
  • denies the tax deduction for income attributable to domestic production activities for oil and gas activities;
  • prohibits the use of the last-in, first-out (LIFO) accounting method by major integrated oil companies;
  • limits the foreign tax credit for dual capacity taxpayers (i.e., taxpayers who are subject to a levy of a foreign country or U.S. possession and receive specific economic benefits from such country or possession); and
  • expands the definition of crude oil for purposes of the excise tax on petroleum and petroleum products to include any oil derived from a bitumen or bituminous mixture (tar sands), and any oil derived from kerogen-bearing sources (oil shale).
]]> End Oil and Gas Tax Subsidies Act of 2021 Display Title End Oil and Gas Tax Subsidies Act of 2021 Official Title as Introduced To amend the Internal Revenue Code of 1986 to repeal fossil fuel subsidies for oil companies, and for other purposes. Introduced in House IH Short Title(s) as Introduced End Oil and Gas Tax Subsidies Act of 2021 Introduced in House IH Introduced in House 2021-03-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr2184ih/xml/BILLS-117hr2184ih.xml 2021-03-26 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.