arrow_back Back to App

Ending Fossil Fuel Subsidies: Higher Taxes and Liability for Polluters.

This Act drastically eliminates tax breaks, subsidies, and royalty relief for coal, oil, and gas companies. It introduces new taxes, including a 13% severance tax on Gulf of Mexico production, and increases corporate financial liability for oil spills. The goal is to shift environmental and financial costs from taxpayers to the fossil fuel industry, potentially influencing energy prices while supporting the transition to clean energy.
Key points
Elimination of dozens of tax expenditures and credits for the fossil fuel industry, including drilling incentives and marginal well credits.
Significant increase in royalty rates for coal, oil, and gas extraction on federal lands to 18.75%.
Introduction of a 7-year amortization period for drilling and exploration costs (instead of immediate deduction), increasing tax burdens on companies.
Termination of federal funding and support for fossil fuel projects, including the closure of the Office of Fossil Energy and Carbon Management.
Increased financial responsibility for oil spills by removing liability limits and denying tax deductions for cleanup costs.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4714
Sponsor: Rep. Omar, Ilhan [D-MN-5]
Process start date: 2025-07-23
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

End Polluter Welfare Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4714.

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 2025-07-23.

What are the main provisions?

Key points include:

  • Elimination of dozens of tax expenditures and credits for the fossil fuel industry, including drilling incentives and marginal well credits.
  • Significant increase in royalty rates for coal, oil, and gas extraction on federal lands to 18.75%.
  • Introduction of a 7-year amortization period for drilling and exploration costs (instead of immediate deduction), increasing tax burdens on companies.
  • Termination of federal funding and support for fossil fuel projects, including the closure of the Office of Fossil Energy and Carbon Management.
  • Increased financial responsibility for oil spills by removing liability limits and denying tax deductions for cleanup costs.
What is the specific legal status?

The current status is Introduced.

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. Omar, Ilhan [D-MN-5].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Taxes Environment Economy