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Oil Tax: Ending Tar Sands Tax Loophole

This act redefines crude oil for tax purposes, including products derived from tar sands. This means companies extracting oil from tar sands will pay the same taxes as for traditional crude oil, potentially affecting fuel prices and transportation costs. The goal is to standardize taxation and potentially increase government revenue.
Key points
Products from tar sands (e.g., oil from bituminous mixtures) will be treated as crude oil for tax purposes.
Companies extracting oil from tar sands will lose previous tax benefits.
The Secretary of the Treasury can tax other fuels if they pose a pollution risk and are produced in significant quantities.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_1612
Sponsor: Rep. Blumenauer, Earl [D-OR-3]
Process start date: 2021-03-08
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Tar Sands Tax Loophole Elimination Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1612.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-08.

What are the main provisions?

Key points include:

  • Products from tar sands (e.g., oil from bituminous mixtures) will be treated as crude oil for tax purposes.
  • Companies extracting oil from tar sands will lose previous tax benefits.
  • The Secretary of the Treasury can tax other fuels if they pose a pollution risk and are produced in significant quantities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Blumenauer, Earl [D-OR-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Environment Economy