United States · Bill · S
S. 1588 (111th)
STOP Act
Introduced
6 August 2009
Last action
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Status
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S8998-8999)
Sponsors
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Subjects
Discovery layer
Source updated
14 August 2025
Summary
Stop Tax-breaks for Oil Profiteering Act or the STOP Act - Amends the Internal Revenue Code to: (1) treat gain or loss from the sale or exchange of oil or natural gas and related commodities as ordinary income or loss (thus taxed at regular income tax rates); and (2) require certain tax-exempt entities to pay unrelated business tax on gain or loss from the sale or exchange of oil or natural gas and related commodities. Makes such tax treatment applicable to commodities acquired after August 31, 2009, and before January 1, 2014. Directs the Secretary of the Treasury to study and report to Congress on the tax treatment of certain commodities and contracts under section 1256 of the Internal Revenue Code.
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 6 August 2009
Introduced in Senate (PDF)
Introduced in Senate · EN · 6 August 2009
Introduced in Senate
summary · EN · 6 August 2009
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/111th-congress/senate-bill/1588
- Open data entity: https://api.congress.gov/v3/bill/111/s/1588