Bill

BILL • US HOUSE

HR 7960

To amend the Internal Revenue Code of 1986 to impose a windfall profits excise tax on crude oil and to rebate the tax collected back to individual taxpayers, and for other purposes.

119th Congress
Introduced by Rosa DeLauro, Ro Khanna, Seth Magaziner and 2 other co-sponsors

Bill imposes excise tax on crude oil excess profits and returns collected revenue to taxpayers via direct rebates to offset energy costs.

Introduced in House
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