Low-Income Gasoline Assistance Program Act
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Consumer Energy Assistance and Fairness Act of 2005 - Amends the Internal Revenue Code to impose an excise tax on certain integrated oil companies for 50% of their annual net windfall profit. Defines "windfall profit" as the excess of the removal price (sales price) of a barrel of taxable crude oil over its adjusted base price (i.e., $40 per barrel, adjusted for inflation). Terminates such tax three years after the enactment of this Act.
Allows a tax deduction for any windfall profit tax paid under this Act.
Allows a $1,000 tax credit for the purchase of a fuel-efficient motor vehicle (i.e., a vehicle with a fuel economy rating of not less than 30 miles per gallon).
Establishes in the Treasury an Energy Assistance Trust Fund to: (1) make grants under the Low-Income Gasoline Assistance Program Act; and (2) carry out the Low-Income Home Energy Assistance Act of 1981. Appropriates to such Fund tax windfall profit tax revenues generated by this Act.
Low-Income Gasoline Assistance Program Act - Directs the Secretary of Health and Human Services to make grants to states to establish emergency assistance programs to enable eligible low-income households to purchase gasoline.
Amends part A (Temporary Assistance for Needy Families) (TANF) of title IV of the Social Security Act to authorize a state to use funds from any TANF grant to carry out a low-income gasoline assistance program.
Referred to the Subcommittee on Education Reform.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 4449: Consumer Energy Assistance and Fairness Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-4449/
"H.R. 4449: Consumer Energy Assistance and Fairness Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-4449/.
H.R. 4449, 109th Cong. (2026), https://openamerica.io/bill/109-HR-4449/.
[H.R. 4449: Consumer Energy Assistance and Fairness Act of 2005](https://openamerica.io/bill/109-HR-4449/)