H.R.1748: Taxpayer and Gas Price Relief Act of 2011

About This Bill

  • This bill was introduced in the 112th Congress
  • This bill is primarily about energy
  • Introduced May 5, 2011
  • Latest Major Action May 16, 2011

Bill Summary

Taxpayer and Gas Price Relief Act of 2011 - Amends the Internal Revenue Code to deny major integrated oil companies: (1) a tax deduction for income attributable to producing, refining, processing, transporting, or distributing oil, gas, or primary products thereof; (2) the last-in, first-out inventory method; and (3) deductions for intangible drilling and development costs in the case of oil and gas wells. Deficit Reduction Through Fair Oil...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, and Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Energy and Commerce
Referred to House Ways and Means
Referred to House Natural Resources
Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
Referred to the Subcommittee on Energy and Mineral Resources.
May 5, 2011

Introduced in the House by Timothy H. Bishop (D-N.Y.)

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