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United States · Bill · S

S. 187 (114th)

Tar Sands Tax Loophole Elimination Act

referredUnited States· United States Congress· EN

Introduced

16 January 2015

Last action

16 January 2015 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Markey, Edward J. [D-MA], Sen. Whitehouse, Sheldon [D-RI], Sen. Merkley, Jeff [D-OR]

Subjects

Taxation

Source updated

12 August 2025

Taxation

Summary

Tar Sands Tax Loophole Elimination Act This bill amends the Internal Revenue Code to expand the definition of "crude oil" for purposes of the excise tax on petroleum and petroleum products to include any bitumen or bituminous mixture, any oil derived from a bitumen or bituminous mixture (tar sands), and any oil derived from kerogen-bearing sources (oil shale). The bill also authorizes the Secretary of the Treasury to classify as crude oil or as a petroleum product subject to such tax any fuel feedstock or finished fuel product transported by pipeline, vessel, railcar, or tanker truck if the Secretary determines that such classification is consistent with the definition of oil under the Oil Pollution Act of 1990 and such fuel feedstock or finished fuel product is produced in sufficient commercial quantities as to pose a significant risk of hazard in the event of a discharge.

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

Timeline

  1. 16 January 2015

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 16 January 2015

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 16 January 2015

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 16 January 2015

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 16 January 2015

    Open at official source

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Sponsors

Related records

Sources

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