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United States · Bill · HR

H.R. 7926 (117th)

Federal Gas Tax Suspension and Windfall Profits Tax Act of 2022

referredUnited States· United States Congress· EN

Introduced

31 May 2022

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Federal Gas Tax Suspension and Windfall Profits Tax Act of 2022 This bill suspends the excise tax on gasoline (other than aviation gasoline) until December 31, 2023. It also imposes a 50% tax on the excess profits of certain large oil companies in the first taxable year after 2021.

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Documents

3 official files

Introduced in House (text)

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