United States · Bill · HR
H.R. 585 (108th)
National Defense Oil Equity Act of 2003
Introduced
5 February 2003
Last action
5 February 2003 · Introduced
Status
Referred to the House Committee on Ways and Means.
Sponsors
Rep. Kucinich, Dennis J. [D-OH-10], Rep. McDermott, Jim [D-WA-7], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Carson, Julia [D-IN-7], Sen. Sanders, Bernard [I-VT], Rep. Visclosky, Peter J. [D-IN-1]
Subjects
Defence, Taxation
Source updated
18 August 2025
Summary
National Defense Oil Equity Act of 2003 - Amends the Internal Revenue Code to impose an excise tax on the sale of any crude oil or product of crude oil a tax equal to the applicable percentage of the windfall profit on such sale. Defines windfall profit to mean so much of the profit on such sale as exceeds a reasonable profit. Establishes the Reasonable Profits Board to make reasonable profit determinations.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
5 February 2003
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
5 February 2003
Introduced
Introduced in House
Source: IntroReferral
5 February 2003
Introduced
Introduced in House
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in House · 5 February 2003 · Download file
Documents
3 official files
Introduced in House (text)
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Introduced in House (text)
Introduced in House · EN · 5 February 2003
Introduced in House (PDF)
Introduced in House · EN · 5 February 2003
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Introduced in House
summary · EN · 5 February 2003
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Sponsors
- Rep. Kucinich, Dennis J. [D-OH-10] · D · Sponsor
- Rep. McDermott, Jim [D-WA-7] · D · Cosponsor
- Rep. Grijalva, Raúl M. [D-AZ-7] · D · Cosponsor
- Rep. Carson, Julia [D-IN-7] · D · Cosponsor
- Sen. Sanders, Bernard [I-VT] · I · Cosponsor
- Rep. Visclosky, Peter J. [D-IN-1] · D · Cosponsor
- · hswm00 · Standing
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/108th-congress/house-bill/585
- Open data entity: https://api.congress.gov/v3/bill/108/hr/585
- us · 108-hr-585 · source updated 18 August 2025