3.0.0 1483 2025-05-27T14:16:42Z 2025-05-27T14:16:42Z House H HR 2023-03-09 118 <pre>[Congressional Record Volume 169, Number 45 (Thursday, March 9, 2023)][House][Pages H1249-H1250]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. BLUMENAUER:H.R. 1483.[[Page H1250]]Congress has the power to enact this legislation pursuantto the following:Clause 1 of Section 8 of Article I of the Constitution.The single subject of this legislation is:Taxation</pre> hswm00 Ways and Means Committee House Standing Referred To 2023-03-09T15:05:25Z 118 1743 HR 2023-03-23 Referred to the House Committee on Ways and Means. Related bill CRS 2023-03-09 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-03-09 Sponsor introductory remarks on measure. (CR E203) IntroReferral B00100 9 Library of Congress 2023-03-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-03-09 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 2023-03-09 True P000618 Rep. Porter, Katie [D-CA-47] Katie Porter D CA 47 2023-03-09 True B001285 Rep. Brownley, Julia [D-CA-26] Julia Brownley D CA 26 2023-05-02 False C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2023-05-02 False E000296 Rep. Evans, Dwight [D-PA-3] Dwight Evans D PA 3 2023-05-02 False H001068 Rep. Huffman, Jared [D-CA-2] Jared Huffman D CA 2 2023-05-02 False K000389 Rep. Khanna, Ro [D-CA-17] Ro Khanna D CA 17 2023-05-02 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2023-05-02 False P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2023-05-02 False S001168 Rep. Sarbanes, John P. [D-MD-3] John Sarbanes D MD P. 3 2023-05-02 False T000469 Rep. Tonko, Paul [D-NY-20] Paul Tonko D NY 20 2023-05-02 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2023-06-07 False S000344 Rep. Sherman, Brad [D-CA-32] BRAD SHERMAN D CA 32 2023-08-22 False R000606 Rep. Raskin, Jamie [D-MD-8] Jamie Raskin D MD 8 2023-09-12 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2023-10-10 False L000593 Rep. Levin, Mike [D-CA-49] Mike Levin D CA 49 2023-12-06 False B001292 Rep. Beyer, Donald S., Jr. [D-VA-8] Donald Beyer D VA S. 8 2023-12-11 False Taxation Accounting and auditing 2025-04-25T17:47:05Z Administrative law and regulatory procedures 2025-04-25T17:47:05Z Business expenses 2025-04-25T17:47:05Z Department of the Treasury 2025-04-25T17:47:05Z Income tax credits 2025-04-25T17:47:05Z Income tax deductions 2025-04-25T17:47:05Z Motor fuels 2025-04-25T17:47:05Z Oil and gas 2025-04-25T17:47:05Z Pipelines 2025-04-25T17:47:05Z Sales and excise taxes 2025-04-25T17:47:05Z Tax administration and collection, taxpayers 2025-04-25T17:47:05Z Taxation of foreign income 2025-04-25T17:47:05Z Taxation 2023-03-24T15:47:30Z

00 2023-03-09 Introduced in House 2023-03-24T18:10:25Z <p><strong>End Oil and Gas Tax Subsidies Act of 2023</strong></p> <p>This bill limits or repeals certain fossil fuel oil and gas subsidies for oil companies. Specifically, it</p> <ul> <li>increases to seven years the amortization period for geological and geophysical expenditures; </li> <li>repeals the tax credits for producing oil and gas from marginal wells and for enhanced oil recovery;</li> <li>repeals the tax deduction for the intangible drilling and development costs of oil and gas wells; </li> <li>repeals percentage depletion;</li> <li>repeals the tax deduction for tertiary injectant expenses; </li> <li>repeals the passive loss exception for working interests in oil and gas property; </li> <li>denies the tax deduction for income attributable to domestic production activities for oil and gas activities; </li> <li>prohibits the use of the last-in, first-out (LIFO) accounting method by major integrated oil companies;</li> <li>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 </li> <li>expands the definition of <i>crude oil</i> 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).</li> </ul>

Display Title 45 2024-07-24T15:23:28Z Short Title(s) as Introduced 101 2024-05-24T13:41:54Z Introduced in House IH Official Title as Introduced 6 2024-03-18T20:27:03Z Introduced in House IH Introduced in House 2023-03-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr1483ih/xml/BILLS-118hr1483ih.xml 2023-03-09 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.