Congress   114
     
Bill #   S187
     
Sponsor   Sen. Markey, Edward J. [D-MA]
     
Title   Tar Sands Tax Loophole Elimination Act
     
Date Introduced 1/16/2015
   
Policy Issue Oil Production and Spill Response
   
Description Summary A bill to amend the Internal Revenue Code of 1986 to clarify that products derived from tar sands are crude oil for purposes of the Federal excise tax on petroleum, and for other purposes. Amends the Internal Revenue Code to include tar sands in the definition of "crude oil" for purposes of the excise tax on petroleum.
   
Related Bills
   
Date of Action 1/16/2015
   
Latest Action Introduced and referred to the Committee on Finance.
   

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