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- S.103
S.103: Restore a Rational Tax Rate on Petroleum Production Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced Jan. 4, 2007
- Latest Major Action Jan. 4, 2007
Bill Sponsor
Bill Summary
Restore a Rational Tax Rate on Petroleum Production Act of 2007 - Amends the Internal Revenue Code to deny a tax deduction in the case of any major integrated oil company for income attributable to the domestic production, refining, processing, transportation, or distribution of oil, natural gas, or any primary product thereof.
(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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| Jan. 4, 2007 |
Introduced in the Senate by John Kerry (D-Mass.) |