Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-s-1026119th CongressWALLET
Tar Sands Tax Loophole Elimination Act
Sponsored By: Senator Markey, Edward J. [D-MA]
Introduced
Summary
Classifies tar sands and similar oils as crude oil for the federal petroleum excise tax. The bill would let the Treasury Secretary reclassify other widely transported fuels as crude oil or taxable petroleum products when they fit the Oil Pollution Act's definition of oil and are produced in quantities that pose a spill hazard.
Show full summary
- Tar sands, bitumen, kerogen-derived oils, and oil shale products would be treated as "crude oil" for the federal excise tax. Producers of those fuels would be subject to the petroleum excise tax where classification was unclear.
- Suppliers and shippers of fuel feedstocks and finished fuels normally moved by pipeline, vessel, railcar, or tanker truck could have those fuels reclassified and taxed if they meet the environmental definition and commercial production threshold.
- The Treasury would get explicit regulatory authority to broaden which fuels fall under the petroleum excise rules based on environmental definitions and hazard-based production levels.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
More fuels taxed as crude oil
This bill would expand what counts as "crude oil" for the federal petroleum excise tax. It would explicitly include condensates, natural gasoline, bitumen and bituminous mixtures, tar sands oil, and oil from oil shale. The Secretary could also by regulation treat other fuel feedstocks or finished fuels as crude oil if they match the Oil Pollution Act definition of oil and are produced in commercial quantities that pose a discharge hazard. The change would take effect on the date of enactment. If passed, this could widen the tax base and could raise federal excise tax collections or fuel prices paid by producers, distributors, and households.
Sponsors & CoSponsors
Sponsor
Markey, Edward J. [D-MA]
MA • D
Cosponsors
Sen. Warren, Elizabeth [D-MA]
MA • D
Sponsored 3/13/2025
Sen. Whitehouse, Sheldon [D-RI]
RI • D
Sponsored 3/13/2025
Sen. Merkley, Jeff [D-OR]
OR • D
Sponsored 3/13/2025
Sen. Welch, Peter [D-VT]
VT • D
Sponsored 3/13/2025
Sen. Sanders, Bernard [I-VT]
VT • I
Sponsored 3/13/2025
Sen. Van Hollen, Chris [D-MD]
MD • D
Sponsored 3/13/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov