United States · Bill · S
S. 2761 (110th)
Recapture Excess Profits and Invest in Roads (REPAIR) Act of 2008
Introduced
13 March 2008
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
5 December 2025
Summary
Recapture Excess Profits and Invest in Road (REPAIR) Act of 2008 - Amends the Internal Revenue Code to impose in 2008 or 2009 an excise tax of 25% on the windfall profits of integrated oil companies and other producers and refiners of crude oil (crude oil condensates and natural gasoline) with gross receipts over $1 billion. Allows a tax deduction for the payment of the windfall profit tax imposed by this Act. Requires the transfer of windfall profit tax revenues to the Highway Trust Fund.
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 13 March 2008
Introduced in Senate (PDF)
Introduced in Senate · EN · 13 March 2008
Introduced in Senate
summary · EN · 13 March 2008
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/110th-congress/senate-bill/2761
- Open data entity: https://api.congress.gov/v3/bill/110/s/2761