Gas Stamps Act of 2005

Summary

Gas Stamps Act of 2005 - Directs the Secretary of Energy to: (1) establish a program for the equitable allocation among the states of gas stamps for distribution to individuals eligible to receive food stamps who can demonstrate a need for gasoline; and (2) provide for the distribution of gas stamps in conjunction with the distribution of food stamps, in coordination with the Secretary of Agriculture. Sets a $330 million limit for such national distribution in each of the first three months after enactment of this Act. Amends the Internal Revenue Code to impose an excise tax upon the sale in the United States of any crude oil, natural gas, and any fuel which is a product of crude oil or natural gas, equal to the windfall profit on such sale. Defines "windfall profit" as so much of the profit on such sale as exceeds a 15 percent pretax rate of return. Imposes liability for the windfall profits tax upon the seller.

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Timeline

1. 8 September 2005

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 8 September 2005

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 8 September 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 8 September 2005

   Introduced

   Introduced in House

   Source: IntroReferral

5. 19 September 2005

   Referred

   Referred to the Subcommittee on Energy and Air Quality, for a period to be subsequently determined by the Chairman.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 8 September 2005 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 September 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 8 September 2005

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 8 September 2005

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. McDermott, Jim [D-WA-7] · D · Sponsor
• Rep. Lee, Barbara [D-CA-12] · D · Cosponsor
• Rep. Pallone, Frank [D-NJ-6] · D · Cosponsor
• Rep. Wexler, Robert [D-FL-19] · D · Cosponsor
• Rep. Owens, Major R. [D-NY-11] · D · Cosponsor
• Rep. Bishop, Timothy H. [D-NY-1] · D · Cosponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Cosponsor
• Rep. Payne, Donald M. [D-NJ-10] · D · Cosponsor
• Rep. Conyers, John, Jr. [D-MI-13] · D · Cosponsor
• · hsif00 · Standing
• · hswm00 · Standing

Related records

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