Federal Gas Tax Suspension and Windfall Profits Tax Act of 20222022-05-31Introduced in HouseFederal Gas Tax Suspension and Windfall Profits Tax Act of 2022
This bill suspends the excise tax on gasoline (other than aviation gasoline) until December 31, 2023. It also imposes a 50% tax on the excess profits of certain large oil companies in the first taxable year after 2021.
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