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- S.2636
S.2636: Oil Company Acountability Act
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced April 25, 2006
- Latest Major Action April 25, 2006
Bill Sponsor
Bill Cosponsor
Bill Summary
Oil Company Accountability Act - Amends the Internal Revenue Code to: (1) grant individual taxpayers with adjusted gross incomes of not more than $120,000 a $500 tax rebate in 2006; (2) require large integrated oil companies to make certain adjustments to the value of their LIFO inventories of crude oil, natural gas, or other petroleum products; and (3) deny a foreign tax credit to large integrated oil companies designated as dual capacity...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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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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| April 25, 2006 |
Introduced in the Senate by Debbie Stabenow (D-Mich.) |