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United States · Bill · HR

H.R. 1689 (112th)

Big Oil Welfare Repeal Act of 2011

referredUnited States· United States Congress· EN

Introduced

3 May 2011

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

Big Oil Welfare Repeal Act of 2011 - Amends the Internal Revenue Code to deny a tax deduction for income attributable to the domestic production, refining, processing, transportation, or distribution of oil, gas, or any primary products thereof by a major integrated oil company (an oil company which has an average daily worldwide production of crude oil of at least 500,000 barrels for the taxable year and which had gross receipts in excess of $1 billion for its last taxable year ending during calendar year 2005).

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Documents

3 official files

Introduced in House (text)

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Sources

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