CONGRESS FOR VOTERS

DemocratBill · H.R. 2224· House(119-HR-2224)

Tar Sands Tax Loophole Elimination Act

Rep. Schakowsky
Age: 82 years
Illinois
Introduced
3/18/2025
Last activity
3/18/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Janice Schakowsky
Cosponsors
Democrat - 7Republican - 0
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "Tar Sands Tax Loophole Elimination Act," aims to amend the Internal Revenue Code of 1986. It seeks to clarify that products derived from tar sands are considered crude oil for the purposes of the Federal excise tax on petroleum. The legislation expands the definition of crude oil to explicitly include bitumen, bituminous mixtures, and oil derived from tar sands. Additionally, it provides the Secretary with regulatory authority to include other fuel feedstocks or finished fuel products as crude oil or petroleum products subject to tax. This authority applies to products transported by pipeline, vessel, railcar, or tanker truck if they meet specific criteria.

Yes· 3 of 6

  • Does this raise the taxes companies pay?+5

    The bill expands the definition of crude oil to include tar sands and bitumen, subjecting these products to federal excise taxes.

  • Does this better protect air, water and wildlife?+3

    The bill's focus on taxing high-risk oil products may discourage less regulated petroleum extractions.

  • Does this give the federal government more power?+3

    The bill increases federal regulatory authority by expanding the definition of taxable petroleum products.

The opposite

  • Would business owners be better off under this?-3

    The bill increases the tax burden on energy companies involved in tar sands and bitumen production.

  • Is this likely to lower the price at the pump?-1

    Expanding the scope of petroleum excise taxes could potentially lead to higher fuel prices.