To amend the Internal Revenue Code of 1986 to reinstate the windfall profit tax on domestic crude oil and to appropriate the proceeds of the tax to the Resolution Trust Corporation.

referredUnited States· United States Congress· EN

Introduced

5 September 1990

Last action

5 September 1990 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Kanjorski, Paul E. [D-PA-11], Rep. Annunzio, Frank [D-IL-11], Rep. Conyers, John, Jr. [D-MI-13], Rep. Bates, Jim [D-CA-44], Sen. Johnson, Tim [D-SD], Rep. Kaptur, Marcy [D-OH-9], Rep. Alexander, Bill [D-AR-1], Rep. Lewis, John [D-GA-5], Rep. Hughes, William J. [D-NJ-2], Rep. Owens, Major R. [D-NY-11], Rep. Kennedy, Joseph P., II [D-MA-8], Rep. Lipinski, William O. [D-IL-3], Rep. Dellums, Ronald V. [D-CA-9], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Valentine, Tim [D-NC-2], Rep. Boehlert, Sherwood [R-NY-24], Rep. Walgren, Doug [D-PA-18], Rep. Hertel, Dennis M. [D-MI-14], Rep. Vento, Bruce F. [D-MN-4], Rep. Kostmayer, Peter H. [D-PA-8], Rep. Kolter, Joseph P. [D-PA-4], Rep. Jontz, Jim [D-IN-5], Rep. Guarini, Frank J. [D-NJ-14], Rep. Rahall, Nick J., II [D-WV-3], Rep. Mazzoli, Romano L. [D-KY-3], Sen. Boxer, Barbara [D-CA], Rep. Engel, Eliot L. [D-NY-16], Rep. Eckart, Dennis E. [D-OH-11]

Subjects

Taxation

Source updated

7 February 2024

Taxation

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Summary

Amends the Internal Revenue Code to reinstate the windfall profit tax on domestic crude oil. Terminates such tax after the last full month the Resolution Trust Corporation is in existence. Appropriates revenues received from such tax to the Corporation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

5 September 1990
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
5 September 1990
Introduced
Introduced in House
Source: IntroReferral
5 September 1990
Introduced
Introduced in House
Source: IntroReferral

Votes

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Versions

Introduced in House · — · Download file

Documents

2 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN
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Introduced in House
summary · EN · 5 September 1990
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

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Sources

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Official source: https://www.congress.gov/bill/101st-congress/house-bill/5551
Open data entity: https://api.congress.gov/v3/bill/101/hr/5551
us · 101-hr-5551 · source updated 7 February 2024