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- H.R.7099
H.R.7099: Stop Gas Price Gouging Tax and Rebate Act
About This Bill
- Introduced March 16, 2022
- Latest Major Action March 16, 2022
Bill Sponsor
Bill Cosponsors
47 (All Democrats)
Bill Version
- Introduced in House - March 16, 2022
Bill Summary
Stop Gas Price Gouging Tax and Rebate Act This bill imposes an excise tax of 50% of the excess of the windfall profit of a producer of crude oil (including crude oil condensates and natural gasoline) that has an average daily worldwide production of crude oil of at least 300,000 barrels for the taxable year, and had gross receipts in excess of $1 billion for its last taxable year during 2005. The bill defines windfall profit as the excess of...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| March 16, 2022 |
Referred to the House Committee on Ways and Means.
|
| March 16, 2022 |
Introduced in the House by Peter A. DeFazio (D-Ore.) |