Tar Sands Tax Loophole Elimination Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2224 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2224 To amend the Internal Revenue Code of 1986 to clarify that products derived from tar sands are crude oil for purposes of the Federal excise tax on petroleum, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 18, 2025 Ms. Schakowsky (for herself, Ms. Ansari, Ms. Barragan, Mr. Cohen, Ms. Norton, Ms. Ocasio-Cortez, Ms. Tlaib, and Ms. Tokuda) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to clarify that products derived from tar sands are crude oil for purposes of the Federal excise tax on petroleum, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Tar Sands Tax Loophole Elimination Act''. SEC. 2. CLARIFICATION OF TAR SANDS AS CRUDE OIL FOR…