H.R. 2224
119th CONGRESS 1st Session
To amend the Internal Revenue Code of 1986 to clarify that products derived from tar sands are crude oil for purposes of the Federal excise tax on petroleum, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES · March 18, 2025 · Sponsor: Ms. Schakowsky · Committee: Committee on Ways and Means
Table of contents
SEC. 1. Short title
- This Act may be cited as the Tar Sands Tax Loophole Elimination Act.
SEC. 2. Clarification of tar sands as crude oil for excise tax purposes
- (a) In general
- Paragraph (1) of of the Internal Revenue Code of 1986 is amended to read as follows: section 4612(a)
- (1) Crude oil
- The term includes crude oil condensates, natural gasoline, any bitumen or bituminous mixture, any oil derived from a bitumen or bituminous mixture (including oil derived from tar sands), and any oil derived from kerogen-bearing sources (including oil derived from oil shale).
crude oil
- The term includes crude oil condensates, natural gasoline, any bitumen or bituminous mixture, any oil derived from a bitumen or bituminous mixture (including oil derived from tar sands), and any oil derived from kerogen-bearing sources (including oil derived from oil shale).
- (1) Crude oil
- Paragraph (1) of of the Internal Revenue Code of 1986 is amended to read as follows: section 4612(a)
- (b) Regulatory authority To address other types of crude oil and petroleum products
- (10) Regulatory authority to address other types of crude oil and petroleum products
- Under such regulations as the Secretary may prescribe, the Secretary may include as crude oil or as a petroleum product subject to tax under section 4611, any fuel feedstock or finished fuel product customarily transported by pipeline, vessel, railcar, or tanker truck if the Secretary determines that—
- the classification of such fuel feedstock or finished fuel product 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.
- Under such regulations as the Secretary may prescribe, the Secretary may include as crude oil or as a petroleum product subject to tax under section 4611, any fuel feedstock or finished fuel product customarily transported by pipeline, vessel, railcar, or tanker truck if the Secretary determines that—
- Subsection (a) of section 4612 of such Code is amended by adding at the end the following new paragraph:
- (10) Regulatory authority to address other types of crude oil and petroleum products
- (c) Technical amendment
- Paragraph (2) of section 4612(a) of such Code is amended by striking .
- (d) Effective date
- The amendments made by this section shall take effect on the date of the enactment of this Act.