US SB752 | 2017-2018 | 115th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on March 28 2017 - 25% progression, died in committee
Action: 2017-03-28 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 28 2017 - 25% progression, died in committee
Action: 2017-03-28 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Tar Sands Tax Loophole Elimination Act This bill amends the Internal Revenue Code to expand the definition of "crude oil" for purposes of the excise tax on petroleum and petroleum products to include any bitumen or bituminous mixture, any oil derived from a bitumen or bituminous mixture (tar sands), and any oil derived from kerogen-bearing sources (oil shale). The bill also authorizes the Department of the Treasury to classify as crude oil or as a petroleum product subject to such tax any fuel feedstock or finished fuel product transported by pipeline, vessel, railcar, or tanker truck if such classification is consistent with the definition of oil under the Oil Pollution Act of 1990 and such fuel feedstock or finished fuel product is produced in sufficient commercial quantities as to pose a significant risk of hazard in the event of a discharge.
Title
Tar Sands Tax Loophole Elimination Act
Sponsors
Sen. Edward Markey [D-MA] | Sen. Bernard Sanders [I-VT] | Sen. Sheldon Whitehouse [D-RI] |
History
Date | Chamber | Action |
---|---|---|
2017-03-28 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB1755 (Same As) 2017-03-28 - Referred to the House Committee on Ways and Means.
Subjects
Administrative law and regulatory procedures
Department of the Treasury
Motor fuels
Oil and gas
Pipelines
Sales and excise taxes
Taxation
Department of the Treasury
Motor fuels
Oil and gas
Pipelines
Sales and excise taxes
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/senate-bill/752/all-info |
Text | https://www.congress.gov/115/bills/s752/BILLS-115s752is.pdf |