Tar Sands Tax Loophole Elimination Act
Latest action · Mar 10, 2021 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 10, 2021
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Tar Sands Tax Loophole Elimination Act
This bill expands 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 (1) such classification is consistent with the definition of oil under the Oil Pollution Act of 1990, and (2) 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.
Cosponsors 4
Members who signed on, in the order they did. All signed on Mar 10, 2021.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| I-VT | Bernard Sanders | Original | Mar 10, 2021 |
| D-MA | Elizabeth Warren | Original | Mar 10, 2021 |
| D-OR | Jeff Merkley | Original | Mar 10, 2021 |
| D-RI | Sheldon Whitehouse | Original | Mar 10, 2021 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Mar 10, 2021 |
Actions 2
Everything that happened, newest first.
- Mar 10, 2021Introduced in Senate
- Mar 10, 2021Read twice and referred to the Committee on Finance.
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1612 | Tar Sands Tax Loophole Elimination Act | Identical bill | Mar 8, 2021 |
| HR 2184 | End Oil and Gas Tax Subsidies Act of 2021 | Related bill | Mar 26, 2021 |
| S 3315 | Tar Sands Tax Loophole Elimination Act | Reintroduction of | Feb 13, 2020 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to clarify that products derived from tar sands are crude oil for purposes of the Federal excise tax on petroleum, and for other purposes.
- Short Title(s) as Introduced
- Tar Sands Tax Loophole Elimination Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 10, 2021Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
