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US HR1426

US HR1426
Big Oil Welfare Repeal Act of 2013


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

113th Congress

Bill Summary

Big Oil Welfare Repeal Act of 2013 - Amends the Internal Revenue Code to eliminate the tax deduction for income attributable to domestic production activities for major integrated oil companies (companies that have an average daily worldwide production of crude oil of at least 500,000 barrels for a taxable year and gross receipts exceeding $1 billion for their last taxable year ending during 2005).

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Referred to the House Committee on Ways and Means. (on 04/09/2013)

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