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HR 585 108th Congress House Taxation Armed Forces and National Security Armed forces abroad Commerce Congress Congress and military policy Congressional oversight Congressional reporting requirements Energy Excess profits tax Excise tax Federal advisory bodies Government Operations and Politics Iraq Iraq compilation Middle East and North Africa Military occupation Petroleum Petroleum industry War

National Defense Oil Equity Act of 2003

Introduced: February 5, 2003 See on congress.gov
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 5, 2003
Referred to the House Committee on Ways and Means.
Feb 5, 2003
Introduced in House
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 Plain-English summary Congressional Research Service
National Defense Oil Equity Act of 2003 - Amends the Internal Revenue Code to impose an excise tax on the sale of any crude oil or product of crude oil a tax equal to the applicable percentage of the windfall profit on such sale. Defines windfall profit to mean so much of the profit on such sale as exceeds a reasonable profit. Establishes the Reasonable Profits Board to make reasonable profit determinations.
What's happening now February 5, 2003

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Independent 1
I
Sanders, Bernard
Vermont · Feb 27, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 585: National Defense Oil Equity Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-585/
MLA
"H.R. 585: National Defense Oil Equity Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-585/.
Bluebook (legal)
H.R. 585, 108th Cong. (2026), https://openamerica.io/bill/108-HR-585/.
Markdown link
[H.R. 585: National Defense Oil Equity Act of 2003](https://openamerica.io/bill/108-HR-585/)
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