HR 460
102th 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: January 7, 1991
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 7, 1991
Referred to the House Committee on Ways and Means.
Jan 7, 1991
Introduced in House
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1