Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.1588
S.1588: STOP Act
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Aug. 6, 2009
- Latest Major Action Aug. 6, 2009
Bill Sponsor
Bill Summary
Stop Tax-breaks for Oil Profiteering Act or the STOP Act - Amends the Internal Revenue Code to: (1) treat gain or loss from the sale or exchange of oil or natural gas and related commodities as ordinary income or loss (thus taxed at regular income tax rates); and (2) require certain tax-exempt entities to pay unrelated business tax on gain or loss from the sale or exchange of oil or natural gas and related commodities. Makes such tax treatment...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Sponsor introductory remarks on measure.
|
|
|
Read twice and referred to the Committee on Finance.
|
|
| Aug. 6, 2009 |
Introduced in the Senate by Ron Wyden (D-Ore.) |