# 119-hr-383: End Oil and Gas Tax Subsidies Act of 2025

119-hr-383, End Oil and Gas Tax Subsidies Act of 2025, is a 119th Congress bill sponsored by Rep. Casten, Sean [D-IL-6] (D-IL); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-383
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-383
- Congress: 119
- Title: End Oil and Gas Tax Subsidies Act of 2025
- Status: introduced
- Introduced: 2025-01-14
- Sponsor: Rep. Casten, Sean [D-IL-6] (D-IL)
- Cosponsors: 16
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**ending major federal tax subsidies for oil and gas**. This bill would strip several targeted tax breaks and change accounting and international tax rules to reduce incentives for oil and gas activities.

## Cosponsors (16)

- Rep. Beyer, Donald S. [D-VA-8] (D-VA), 2025-01-14T00:00:00.000Z
- Rep. Levin, Mike [D-CA-49] (D-CA), 2025-01-14T00:00:00.000Z
- Rep. Brownley, Julia [D-CA-26] (D-CA), 2025-01-14T00:00:00.000Z
- Rep. Cleaver, Emanuel [D-MO-5] (D-MO), 2025-01-14T00:00:00.000Z
- Rep. Cohen, Steve [D-TN-9] (D-TN), 2025-01-14T00:00:00.000Z
- Rep. Huffman, Jared [D-CA-2] (D-CA), 2025-01-14T00:00:00.000Z
- Rep. Khanna, Ro [D-CA-17] (D-CA), 2025-01-14T00:00:00.000Z
- Rep. Pingree, Chellie [D-ME-1] (D-ME), 2025-01-14T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2025-01-14T00:00:00.000Z
- Rep. Tonko, Paul [D-NY-20] (D-NY), 2025-01-14T00:00:00.000Z
- Rep. Moore, Gwen [D-WI-4] (D-WI), 2025-01-14T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2025-01-15T00:00:00.000Z
- Rep. Raskin, Jamie [D-MD-8] (D-MD), 2025-01-16T00:00:00.000Z
- Rep. Nadler, Jerrold [D-NY-12] (D-NY), 2025-03-26T00:00:00.000Z
- Rep. Ansari, Yassamin [D-AZ-3] (D-AZ), 2025-07-22T00:00:00.000Z
- Rep. Lofgren, Zoe [D-CA-18] (D-CA), 2026-09-01T00:00:00.000Z

## Provisions PRIA read

- End business and passive-loss oil breaks: cost, high. If enacted, pass-through owners and investors in oil and gas would lose two tax favors. The 20% business income deduction would not apply to oil and gas production, refining, processing, transport, or distribution for tax years beginning after December 31, 2024. The special rule that treated workin…
- Ban last-in, first-out for big oil: cost, high. If enacted, large integrated oil companies could not use last-in, first-out inventory accounting for any goods. The ban would apply if the company has at least 500,000 barrels per day of worldwide crude production, over $1,000,000,000 in gross receipts, and over 75,000 barrels per day of refinery r…
- End key oil and gas tax breaks: cost, high. If enacted, most major oil and gas tax breaks would end. Intangible drilling costs and the deduction for tertiary injectants would not be allowed for amounts paid in tax years starting after December 31, 2024. Percentage depletion would end for property placed in service after December 31, 2024. Th…
- Limit foreign tax credits for oil: cost, high. If enacted, some payments to foreign governments by oil and gas companies would no longer count for the U.S. foreign tax credit. The limit would apply to dual-capacity taxpayers with combined foreign oil and gas income, starting with taxes paid or accrued in tax years beginning after December 31, 2…
- Tax more oil-like fuels as crude: cost, medium. If enacted, more oil-like fuels would be taxed as crude oil under the section 4611 excise. The list would include condensates, natural gasoline, bitumen and tar sands oil, and oil from kerogen or oil shale. The Treasury could add other fuels by rule if they fit the Oil Pollution Act definition and…

## Related bills

- 119-hr-7973: Momnibus Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-5862: American Energy Independence and Affordability Act
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025

## Sources
- [119-hr-383 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/383)

## Related
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-5862: American Energy Independence and Affordability Act](https://policyrisk.com/legislation/119-hr-5862)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-383 (as of 2026-09-21).