HR 4974
106th Congress
House
Taxation
Automobile fuel consumption
Business income tax
Buy American
Commerce
Corporate profits
Energy
Energy efficiency
Energy tax credits
Excess profits tax
Excise tax
Executive reorganization
Federal aid to transportation
Foreign Trade and International Finance
Gas industry
Gasoline tax
Government Operations and Politics
Income tax
Mass rapid transit
Motor bus lines
Gas Price Spike Act of 2000
Introduced: July 26, 2000
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2000
Referred to the Subcommittee on Ground Transportation.
Jul 26, 2000
Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 26, 2000
Introduced in House
Plain-English summary
Gas Price Spike Act of 2000 - Amends the Internal Revenue Code to impose an excise tax on the sale of any crude oil, natural gas, or products thereof a tax equal to the applicable percentage of the windfall profit on such sale. Define "applicable percentage."
Establishes a credit for the purchase of U.S. made fuel efficient passenger vehicles.
Authorizes the Secretary of Transportation to make grants to the operator of a mass transit system to assist the operator in reducing fares paid by passengers using the system which shall be paid for by revenues from the windfall profits tax.
Establishes an independent board to be known as the Reasonable Profits Board to make reasonable profit determinations with respect to the windfall profit tax.
What's happening now
Referred to the Subcommittee on Ground Transportation.
Committees of jurisdiction
3
Cosponsors
1