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- S.1631
S.1631: Windfall Profits Rebate Act of 2005
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced Sept. 7, 2005
- Latest Major Action Feb. 15, 2006
Bill Sponsor
Bill Cosponsors
8 (All Democrats)
Bill Summary
Windfall Profits Rebate Act of 2005 - Amends the Internal Revenue Code to: (1) impose an excise tax on oil companies for a percentage of the windfall profit from all barrels of taxable crude oil; (2) allow a tax deduction for the payment of any windfall profit tax; and (3) allow an income tax rebate for all taxpayers based upon windfall tax revenues, as determined by the Secretary of the Treasury. Defines "windfall profit" as the excess of the...
(Source: Library of Congress)
Bill Actions
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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Sponsor introductory remarks on measure.
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Sponsor introductory remarks on measure.
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Sponsor introductory remarks on measure.
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| Sept. 7, 2005 |
Introduced in the Senate by Byron L. Dorgan (D-N.D.) |