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HR 5551 101th Congress House Taxation Excess profits tax Finance and Financial Sector Government corporations Petroleum Petroleum prices

To amend the Internal Revenue Code of 1986 to reinstate the windfall profit tax on domestic crude oil and to appropriate the proceeds of the tax to the Resolution Trust Corporation.

Introduced: September 5, 1990 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 5, 1990
Referred to the House Committee on Ways and Means.
Sep 5, 1990
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to reinstate the windfall profit tax on domestic crude oil. Terminates such tax after the last full month the Resolution Trust Corporation is in existence. Appropriates revenues received from such tax to the Corporation.

What's happening now September 5, 1990

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1