US Congress Senate Bill 2204 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 20-0)
Status: Introduced on March 19 2012 - 25% progression, died in chamber
Action: 2012-03-29 - Cloture on the measure not invoked in Senate by Yea-Nay Vote. 51 - 47. Record Vote Number: 63. (consideration: CR S2199; text: CR S2199)
Text: Latest bill text (Introduced) [PDF]

Repeal Big Oil Tax Subsidies Act - Amends the Internal Revenue Code to extend through 2012: (1) the tax credit for residential energy efficiency improvement expenditures, (2) the tax credit for the purchase of plug-in electric vehicles, (3) the tax credit for alternative fuel vehicle refueling property expenditures, (4) the income and excise tax credits for biodiesel and renewable diesel used as fuel and fuel mixtures, (5) the tax credit for production of electricity from refined coal production facilities, (6) the tax credit for the construction of new energy-efficient homes, (7) the tax credit for energy-efficient appliances, (8) the suspension of the income limitation on percentage depletion for oil and gas from marginal wells, (9) the excise tax credit for alternative fuels and fuel mixtures, and (10) the tax credit for mine rescue team training expenditures and the election to expense mine safety equipment. Extends through 2013: (1) the cellulosic biofuel producer tax credit, and (2) the special depreciation allowance for cellulosic biofuel plant property. Extends the tax credit for the production of electricity from wind resources through 2013 and from other renewable resources through 2014. Allows an increase in such credit for production from Indian coal facilities. Extends the tax credit for investment in wind facilities through 2013 and for investment in offshore facilities using wind to produce electricity through 2014. Increases the allocation of credits under the qualifying advanced energy project (i.e., the project for the production of renewable and alternative energy resources). Amends the American Recovery and Reinvestment Act of 2009 to extend through 2012 the grant program for investment in renewable energy resources in lieu of tax credits. Modifies the definition of "cellulosic biofuel," for purposes of the cellulosic biofuel producer tax credit and the bonus depreciation allowance, to mean any liquid fuel which is derived solely by, or from, qualified feedstocks. Defines "qualified feedstocks" as any lignocellulosic or hemicellulosic matter that is available on a renewable or recurring basis and any cultivated algae, cyanobacteria, or lemna. Limits or repeals certain tax benefits for major integrated oil companies (defined as companies with annual gross receipts over $1 billion and an average daily worldwide production of crude oil of at least 500,000 barrels), including: (1) the foreign tax credit; (2) the tax deduction for income attributable to oil, natural gas, or primary products thereof; (3) the tax deduction for intangible drilling and development costs; (4) the percentage depletion allowance for oil and gas wells; (5) the tax deduction for qualified tertiary injectant expenses. Amends the Energy Policy Act of 2005 to repeal royalty relief (suspension of royalties) for: (1) natural gas production from deep wells in shallow waters of the Gulf of Mexico; and (2) deep water oil and gas production in the Western and Central Planning Area of the Gulf (including the portion of the Eastern Planning Area encompassing whole lease blocks lying west of 87 degrees, 30 minutes west longitude). Dedicates any increased revenue generated by this Act to the reduction of a federal budget deficit or the federal debt. Provides for compliance of the budgetary effects of this Act with the Statutory Pay-As-You-Go Act of 2010.

Repeal Big Oil Tax Subsidies Act

Sen. Robert Menendez [D-NJ]	Sen. Richard Blumenthal [D-CT]	Sen. Barbara Boxer [D-CA]	Sen. Benjamin Cardin [D-MD]
Sen. Robert Casey [D-PA]	Sen. Richard Durbin [D-IL]	Sen. Dianne Feinstein [D-CA]	Sen. Al Franken [D-MN]
Sen. Frank Lautenberg [D-NJ]	Sen. Claire McCaskill [D-MO]	Sen. Jeff Merkley [D-OR]	Sen. Barbara Mikulski [D-MD]
Sen. Bill Nelson [D-FL]	Sen. Jack Reed [D-RI]	Sen. Harry Reid [D-NV]	Sen. Charles Schumer [D-NY]
Sen. Jeanne Shaheen [D-NH]	Sen. Debbie Stabenow [D-MI]	Sen. Sheldon Whitehouse [D-RI]	Sen. Ron Wyden [D-OR]

2012-03-27 - Senate - On the Cloture Motion S. 2204 (Y: 51 N: 47 NV: 2 Abs: 0) [FAIL]
2012-03-26 - Senate - On the Cloture Motion S. 2204 (Y: 92 N: 4 NV: 4 Abs: 0) [PASS]

Date	Chamber	Action
2012-03-29	Senate	Cloture on the measure not invoked in Senate by Yea-Nay Vote. 51 - 47. Record Vote Number: 63. (consideration: CR S2199; text: CR S2199)
2012-03-27	Senate	Cloture motion on the measure presented in Senate. (consideration: CR S2055; text: CR S2055)
2012-03-27	Senate	S.AMDT.1972 Amendment SA 1972 proposed by Senator Reid to Amendment SA 1971. (consideration: CR S2055, CR 3/29/2012 S2199; text: CR S2055)Of a perfecting nature.
2012-03-27	Senate	S.AMDT.1971 Amendment SA 1971 proposed by Senator Reid to Amendment SA 1970 (the instructions of the motion). (consideration: CR S2055, CR 3/29/2012 S2199; text: CR S2055)Of a perfecting nature.
2012-03-27	Senate	S.AMDT.1970 Amendment SA 1970 proposed by Senator Reid. (consideration: CR S2055; text: CR S2055)To change the enactment date.
2012-03-27	Senate	Motion by Senator Reid to commit to Senate Committee on Finance with instructions to report back forthwith with the following amendment (SA 1970) made in Senate. (consideration: CR S2055, CR 3/29/2012 S2199; text: CR S2055)
2012-03-27	Senate	S.AMDT.1969 Amendment SA 1969 proposed by Senator Reid to Amendment SA 1968. (consideration: CR S2055, CR 3/29/2012 S2199; text: CR S2055)Of a perfecting nature.
2012-03-27	Senate	S.AMDT.1968 Amendment SA 1968 proposed by Senator Reid. (consideration: CR S2055, CR 3/29/2012 S2199; text: CR S2055)To change the enactment date.
2012-03-27	Senate	Measure laid before Senate by unanimous consent. (consideration: CR S2054, S2055)
2012-03-27	Senate	Motion to proceed to consideration of measure agreed to in Senate by Unanimous Consent. (consideration: CR S2054)
2012-03-27	Senate	Motion to proceed to measure considered in Senate. (consideration: CR S2048-2054)
2012-03-26	Senate	Cloture on the motion to proceed to the bill invoked in Senate by Yea-Nay Vote. 92 - 4. Record Vote Number: 59. (consideration: CR S2028; text: CR S2028)
2012-03-26	Senate	Motion to proceed to measure considered in Senate. (consideration: CR S2025-2028)
2012-03-22	Senate	Motion to proceed to consideration of measure withdrawn in Senate. (consideration: CR S1985)
2012-03-22	Senate	Cloture motion on the motion to proceed to the bill presented in Senate. (consideration: CR S1985; text: CR S1985)
2012-03-22	Senate	Motion to proceed to consideration of measure made in Senate. (consideration: CR S1984-1985)
2012-03-20	Senate	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 337.
2012-03-19	Senate	Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

SB748 (Related) 2011-04-06 - Read twice and referred to the Committee on Finance.
HB4108 (Related) 2012-03-09 - Referred to the Subcommittee on Energy and Mineral Resources.
SB258 (Related) 2011-02-02 - Read twice and referred to the Committee on Finance.
SB940 (Related) 2011-05-17 - Motion to proceed to consideration of measure, under the order of 5/16/2011, not having achieved 60 votes in the affirmative, was withdrawn in Senate. (consideration: CR S3039)

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/2204/all-info
Text	https://www.congress.gov/112/bills/s2204/BILLS-112s2204pcs.pdf
Roll Call	https://www.senate.gov/legislative/LIS/roll_call_votes/vote1122/vote_112_2_00059.htm
Roll Call	https://www.senate.gov/legislative/LIS/roll_call_votes/vote1122/vote_112_2_00063.htm