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United States · Bill · S

S. 1982 (109th)

Home Energy Assistance Act of 2005

referredUnited States· United States Congress· EN

Introduced

9 November 2005

Last action

Status

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12614)

Sponsors

Subjects

Discovery layer

Source updated

15 August 2025

Summary

Home Energy Assistance Act of 2005 - Amends the Internal Revenue Code to allow a tax credit for residential heating costs paid in 2006. Allows a maximum credit of $500, but reduces or eliminates such credit for taxpayers at higher income levels. Requires integrated oil companies with gross receipts in excess of $1 billion to use the first-in, first-out (FIFO) inventory accounting method for purposes of determining their current federal income tax liabilities.

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Documents

3 official files

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Sources

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