S. 2672 (109th): Restore a Rational Tax Rate on Petroleum Production Act of 2006

Introduced:
Apr 27, 2006 (109th Congress, 2005–2006)
Sponsor:
Sen. John Kerry [D-MA]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as S. 103 (110th) on Jan 04, 2007.

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on April 27, 2006, in a previous session of Congress, but was not enacted.

Progress
Introduced Apr 27, 2006
Referred to Committee Apr 27, 2006
Cosponsors
none
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill 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.

Summary

No summaries available.

Text

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Last updated Apr 27, 2006.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

4/27/2006--Introduced.
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.

House Republican Conference Summary

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House Democratic Caucus Summary

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