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United States · Bill · HR

H.R. 165 (101st)

To amend the Internal Revenue Code of 1986 to impose a tax on the importation of crude oil and refined petroleum products.

referredUnited States· United States Congress· EN

Introduced

3 January 1989

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to establish a fee on crude oil and refined petroleum products imported into the United States, other than oil or products purchased for export. Imposes the fee during any week following a four-week period when the average international price of crude oil has been less than $18 per barrel. Bases the fee on the difference between $18 per barrel and the average international price of a barrel of crude oil.

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Documents

2 official files

Introduced in House (text)

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Sources

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