HR 2224 · 119th Congress

Tar Sands Tax Loophole Elimination Act

Right now, there's a tax break that allows tar sands oil to avoid paying the same federal excise tax that regular crude oil has to pay. This bill closes that loophole by making it clear that tar sands products are considered crude oil and must be taxed the same way. Tar sands are a type of oil found in deposits mixe…

Sponsor

Schakowsky, Janice D. (D-Illinois)

Introduced

2025-03-18

Policy area

Taxation

Latest action

Referred to the House Committee on Ways and Means.