Bill > S4406

This bill, the End Polluter Welfare Act of 2024, aims to eliminate certain subsidies and tax expenditures for fossil fuel production. It does this by repealing royalty relief provisions, increasing royalty rates, terminating various tax credits and deductions related to fossil fuels, and restricting the use of federal funds and financing for projects that support fossil fuel production and use. The bill also requires studies on additional fossil fuel subsidies and the potential elimination of accelerated depreciation for fossil fuel-related assets. Overall, the goal of the bill is to reduce government support and incentives for the fossil fuel industry.