H. R. 786
IN THE HOUSE OF REPRESENTATIVES
February 15, 2013
Mr. Markey (for himself and Mr. Blumenauer) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to clarify that tar sands are crude oil for purposes of the Federal excise tax on petroleum.
This Act may be cited as the
Tar Sands Tax Loophole Elimination
Clarification of tar sands as crude oil for excise tax purposes
Paragraph (1) of
section 4612(a) of the Internal Revenue Code of 1986 is amended by striking
and natural gasoline and inserting
, natural gasoline,
and tar sands.
The amendments made by this section shall take effect on the date of the enactment of this Act.