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HR 4449 109th Congress House Taxation Access to health care Aid to dependent children Cash welfare block grants Commerce Economics and Public Finance Energy Energy assistance for the poor Energy efficiency Energy prices Excess profits tax Excise tax Families Federal aid to Indians Federal aid to transportation Fuel consumption Gasoline Government trust funds Health Income tax

Consumer Energy Assistance and Fairness Act of 2005

Introduced: December 6, 2005 Introduced by: Pallone, Frank Democratic · New Jersey See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 27, 2006
Referred to the Subcommittee on Education Reform.
Mar 27, 2006
Referred to the Subcommittee on 21st Century Competitiveness.
Jan 3, 2006
Referred to the Subcommittee on Energy and Air Quality, for a period to be subsequently determined by the Chairman.
Dec 6, 2005
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Education and the Workforce, 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.
Dec 6, 2005
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now March 27, 2006

Referred to the Subcommittee on Education Reform.

 Committees of jurisdiction 6