HR 5218 · 109th Congress · Taxation

Restore a Rational Tax Rate on Petroleum Production Act of 2006

Introduced 2006-04-27· Sponsored by Rep. McDermott, Jim [D-WA-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2006-04-27)

Plain Language Summary

[AI summary unavailable — showing source text] Restore a Rational Tax Rate on Petroleum Production Act of 2006 - Amends the Internal Revenue Code to deny a tax deduction for income attributable to the domestic production, refining, processing, transportation, or distribution of oil, natural gas, or any primary product thereof.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (4)

4 Democrats
Rep. Larson, John B. [D-CT-1]CT
Rep. Hinchey, Maurice D. [D-NY-22]NY
Rep. Grijalva, Raúl M. [D-AZ-7]AZ
Rep. Stark, Fortney Pete [D-CA-13]CA