S. 103 - Restore a Rational Tax Rate on Petroleum Production Act of 2007
- Sponsor:
- John Kerry
- Summary:
- A bill to amend the Internal Revenue Code of 1986 to provide that major oil and gas companies will not be eligible for the effective rate reductions enacted in 2004 for domestic manufacturers. (by CRS)
- Status:
- The bill has been introduced.
Restore a Rational Tax Rate on Petroleum Production Act of 2007
S. 103 — 110th Congress (2007–2008)
- Summary
- A bill to amend the Internal Revenue Code of 1986 to provide that major oil and gas companies will not be eligible for the effective rate reductions enacted in 2004 for domestic manufacturers. (by CRS)
- Learn More
- At OpenCongress
- Title
- A bill to amend the Internal Revenue Code of 1986 to provide that major oil and gas companies will not be eligible for the effective rate reductions enacted in 2004 for domestic manufacturers.
- Other Titles
- Restore a Rational Tax Rate on Petroleum Production Act of 2007
- Sponsor
- John Kerry
- Co-Sponsors
- Subjects
- Taxation
- Business
- Corporation taxes
- Energy
- Gas companies
- Gas industry
- Income tax
- Petroleum industry
- Tax deductions
- Tax rates
- Related Bills
- Major Actions
Introduced 1/04/2007 Referred to Committee - Bill History
-
There have been no votes on this bill.
Action Date Description Introduced 1/04/2007 1/04/2007 Read twice and referred to the Committee on Finance. 1/04/2007 Sponsor introductory remarks on measure. (CR S111) Number Sponsor Date Offered Status
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