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HR 5218 109th Congress House

Restore a Rational Tax Rate on Petroleum Production Act of 2006

Official title: To amend the Internal Revenue Code of 1986 to provide that oil and gas companies will not be eligible for the effective rate reductions enacted in 2004 for domestic manufacturers.

Introduced: April 27, 2006 See on congress.gov
Taxation CommerceCorporation taxesEnergyGas companies
More subjectsShow fewer subjects
Gas industryIncome taxPetroleum industryTax deductionsTax rates
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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
Apr 27, 2006
Referred to the House Committee on Ways and Means.
Apr 27, 2006
Introduced in House
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 Latest action April 27, 2006

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Restore a Rational Tax Rate on Petroleum Production Act of 2006 - Amends the Internal Revenue Code to deny a tax deduction for income attributable to the domestic production, refining, processing, transportation, or distribution of oil, natural gas, or any primary product thereof.

 Related & companion bills 1
  • S 2672 Identical bill Restore a Rational Tax Rate on Petroleum Production Act of 2006
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Larson, John B.
Connecticut · Apr 27, 2006
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5218: Restore a Rational Tax Rate on Petroleum Production Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-HR-5218/
MLA
"H.R. 5218: Restore a Rational Tax Rate on Petroleum Production Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-5218/.
Bluebook (legal)
H.R. 5218, 109th Cong. (2026), https://openamerica.io/bill/109-HR-5218/.
Markdown link
[H.R. 5218: Restore a Rational Tax Rate on Petroleum Production Act of 2006](https://openamerica.io/bill/109-HR-5218/)
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