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S 1026119th CongressIntroduced
Tar Sands Tax Loophole Elimination Act
Introduced: Oct 29, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Tar Sands Tax Loophole Elimination Act clarifies that tar sands-derived products are considered crude oil for federal excise tax purposes.
Key Points
- 1Includes tar sands, bitumen, and oil shale derivatives in crude oil excise tax definition
- 2Grants regulatory authority to include additional petroleum products
- 3Removes well location requirement for crude oil definition
- 4Ensures consistent tax treatment of all crude oil sources
- 5Applies to federal petroleum excise tax collection
Impact Areas
Petroleum industryFederal tax revenueEnvironmental policyEnergy regulationTar sands production
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