S 2672 · 109th Congress · Taxation

Restore a Rational Tax Rate on Petroleum Production Act of 2006

Introduced 2006-04-27· Sponsored by Sen. Kerry, John F. [D-MA]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3714)(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