Petroleum Producers Burden Sharing Act

Summary

Petroleum Producers Burden Sharing Act - Amends the Internal Revenue Code to reinstate the windfall profit tax on domestic crude oil. Terminates such tax: (1) after the expiration of the first four calendar quarters beginning after the date of enactment of this section; or (2) after the expiration of the first six such calendar quarters, if the President determines that a continuing energy price crisis exists. Establishes the Energy Support Trust Fund to fund the weatherization program under the Energy Conservation in Existing Buildings Act of 1976 and other programs for the conservation of energy. Transfers to such Fund the taxes received from the windfall profit tax on domestic crude oil.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 2 August 1991

  Open at official source

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