A bill to repeal certain provisions of the Economic Recovery Tax Act of 1981 which reduce the crude oil windfall profit tax.

Summary

Repeals provisions in the Economic Recovery Tax Act of 1981 regarding the windfall profit tax which: (1) increase the credit for royalty owners for 1981 and exempt royalty oil for 1982 and thereafter; (2) reduces the tax imposed on newly discovered oil; and (3) exempts independent producer stripper well oil.

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Timeline

1. 30 September 1981

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 30 September 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 September 1981

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 30 September 1981

  Open at official source

Sponsors

• Sen. Snowe, Olympia J. [R-ME] · R · Sponsor
• Rep. Beilenson, Anthony C. [D-CA-24] · D · Sponsor
• Rep. Crockett, George W., Jr. [D-MI-13] · D · Sponsor
• Rep. Mitchell, Donald J. [R-NY-31] · R · Sponsor
• Rep. Rinaldo, Matthew J. [R-NJ-7] · R · Sponsor
• Rep. Yatron, Gus [D-PA-6] · D · Sponsor
• Rep. Emery, David F. [R-ME-1] · R · Sponsor
• Rep. Pepper, Claude [D-FL-18] · D · Sponsor
• Rep. Frank, Barney [D-MA-4] · D · Cosponsor
• Sen. Gregg, Judd [R-NH] · R · Cosponsor
• Rep. Bedell, Berkley W. [D-IA-6] · D · Cosponsor
• Rep. Patterson, Jerry M. [D-CA-38] · D · Cosponsor
• Rep. Edwards, Don [D-CA-10] · D · Cosponsor
• Rep. Tauke, Thomas Joseph [R-IA-2] · R · Cosponsor
• · hswm00 · Standing

Related records

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