To amend the Internal Revenue Code of 1986 to impose a windfall profits excise tax on crude oil and to rebate the tax collected back to individual taxpayers until the President declares that all hostilities with Iran have ceased, the Strait of Hormuz is fully reopened, and the price of oil drops below $75 per barrel.

United States Government Publishing Office publisher pbl distributor dst United States Congress House of Representatives author aut Government Organization text government publication eng BILLS To amend the Internal Revenue Code of 1986 to impose a windfall profits excise tax on crude oil and to rebate the tax collected back to individual taxpayers until the President declares that all hostilities with Iran have ceased, the Strait of Hormuz is fully reopened, and the price of oil drops below $75 per barrel.;Iran War Oil Crisis Windfall Profits Tax Act;H.R. 8803 (IH) Bills and Statutes 119_cong_bills legislative 2026-06-02 To amend the Internal Revenue Code of 1986 to impose a windfall profits excise tax on crude oil and to rebate the tax collected back to individual taxpayers until the President declares that all hostilities with Iran have ceased, the Strait of Hormuz is fully reopened, and the price of oil drops below $75 per barrel. Iran War Oil Crisis Windfall Profits Tax Act H.R. 8803 (IH) U.S. Government Publishing Office 2026-05-13 monographic deposited born digital 13 p. Y 1.6: Y 1.4/6: P0b002ee1e25341cd https://www.govinfo.gov/app/details/BILLS-119hr8803ih H.R. 8803 021-610-00252-9 000501532 000325573 Congressional bills House bills f:h8803_ih.txt https://www.govinfo.gov/app/details/BILLS-119hr8803ih https://www.govinfo.gov/content/pkg/BILLS-119hr8803ih/html/BILLS-119hr8803ih.htm https://www.govinfo.gov/content/pkg/BILLS-119hr8803ih/pdf/BILLS-119hr8803ih.pdf https://www.govinfo.gov/content/pkg/BILLS-119hr8803ih/xml/BILLS-119hr8803ih.xml fdlp DGPO 2026-06-02 2026-07-11 BILLS-119hr8803ih machine generated eng Brad Sherman United States House of Representatives sponsor spn United States Congress Member United States Congress House of Representatives Committee on Ways and Means associated name asn United States Code Title 26 Chapter 65 Title 26 Chapter 98 26 U.S.C. Chapter 65 26 U.S.C. Chapter 98 United States Code Title 31 Section 1324 Title 31 Section 1324(b) 31 U.S.C. 1324 31 U.S.C. 1324(b) hr BILLS-119hr8803ih 119 2 HOUSE HOUSE 8803 ih ih Iran War Oil Crisis Windfall Profits Tax Act To amend the Internal Revenue Code of 1986 to impose a windfall profits excise tax on crude oil and to rebate the tax collected back to individual taxpayers until the President declares that all hostilities with Iran have ceased, the Strait of Hormuz is fully reopened, and the price of oil drops below $75 per barrel. Mr. Sherman introduced the following bill; which was referred to the Committee on Ways and Means Committee on Ways and Means Ways and Means Mr. Sherman Brad Sherman Sherman, Brad false false