117th Congress · SENATE BILLBILL

S. 4768Taxing Big Oil Profiteers Act

A bill to amend the Internal Revenue Code of 1986 to tax excess profits of large oil and gas companies, to impose a tax on the repurchase of stock by large oil and gas companies, to end the use of the LIFO method of accounting by large oil and gas trades or businesses, and for other purposes.

Taxation
Introduced Aug 4, 2022
Last action Aug 4, 2022
Pipeline · Bill → Law
Step 1
Introduced
Aug 4, 2022
Step 2
Referred
Aug 4, 2022
Finance
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryNo summary available

No CRS summary available for this bill.

Provisions · 4 sectionsIntroduced in Senate
Timeline · 2 actions
Aug 4, 2022
Introduced in Senate
Aug 4, 2022
Read twice and referred to the Committee on Finance.