Read twice and referred to the Committee on Finance.
Amends Internal Revenue Code section 4612 to explicitly define crude oil to include bitumen, oil from tar sands, and oil from kerogen-bearing sources. Grants the Secretary authority to classify additional fuel feedstocks or finished fuel products as taxed crude oil/petroleum products if consistent with the Oil Pollution Act and if produced in commercial quantities posing discharge hazards.
Environmental/climate benefits versus economic and regulatory burden concerns
Relative to its intended legislative type, this bill clearly and directly amends the Internal Revenue Code to redefine crude oil for excise-tax purposes and grants limited regulatory authority to the Secretary to include additional fuels under specified criteria.
Amends Internal Revenue Code section 4612 to explicitly define crude oil to include bitumen, oil from tar sands, and oil from kerogen-bearing sources.
Grants the Secretary authority to classify additional fuel feedstocks or finished fuel products as taxed crude oil/petroleum products if consistent with the Oil Pollution Act and if produced in commercial quantities posing discharge hazards.
Makes a minor technical amendment and sets the amendments to take effect on enactment.
Narrow and administratively focused but touches a contentious energy tax issue; likely to prompt industry opposition and legal scrutiny, lowering enactment odds.
Relative to its intended legislative type, this bill clearly and directly amends the Internal Revenue Code to redefine crude oil for excise-tax purposes and grants limited regulatory authority to the Secretary to include additional fuels under specified criteria. The statutory edits are specific and targeted, but implementation and accountability details are limited.
Environmental/climate benefits versus economic and regulatory burden concerns
These are examples from the analysis, not a ranked list of the most-affected groups.
Environmental/climate benefits versus economic and regulatory burden concerns
Likely supportive because the bill closes a tax classification loophole benefiting high‑carbon tar sands.
It uses tax policy to align fiscal treatment with environmental and spill‑liability definitions.
Generally favorable to closing an apparent tax inconsistency, while cautious about administrative complexity and economic effects.
Seeks clearer implementation details and phased compliance to limit disruption.
Likely opposed as an expansion of taxation and federal regulatory authority over energy classifications.
Views it as federal overreach that could harm domestic energy and raise costs.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Narrow and administratively focused but touches a contentious energy tax issue; likely to prompt industry opposition and legal scrutiny, lowering enactment odds.
The bill has not accumulated any surfaced votes yet.
Environmental/climate benefits versus economic and regulatory burden concerns
Narrow and administratively focused but touches a contentious energy tax issue; likely to prompt industry opposition and legal scrutiny, lo…
Relative to its intended legislative type, this bill clearly and directly amends the Internal Revenue Code to redefine crude oil for excise-tax purposes and grants limited regulatory authority to the Secretary to includ…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.