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- S.307
S.307: Close Big Oil Tax Loopholes Act
About This Bill
- Introduced Feb. 13, 2013
- Latest Major Action Feb. 13, 2013
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
17 (All Democrats)
Bill Summary
Close Big Oil Tax Loopholes Act - Amends the Internal Revenue Code to limit or repeal certain tax benefits for major integrated oil companies (defined as companies with annual gross receipts over $1 billion and an average daily worldwide production of crude oil of at least 500,000 barrels or certain successors in interest of such companies), including: (1) the foreign tax credit for companies that are dual capacity taxpayers; (2) the tax...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Feb. 13, 2013 |
Read twice and referred to the Committee on Finance.
|
Feb. 13, 2013 |
Introduced in the Senate by Robert Menendez (D-N.J.) |