To amend the Internal Revenue Code of 1986 to provide that oil and gas companies will not be eligible for the effective rate reductions enacted in 2004 for domestic manufacturers.
Ending Subsidies for Big Oil Act of 2007- Amends the Internal Revenue Code to deny a tax deduction for income attributable to the sale, exchange, or other disposition of oil, natural gas, or any primary product thereof.
Became Public Law No: 110-140.
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S111)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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