S 3323 110th Congress Senate Energy Appropriations Commerce Corporation taxes Economics and Public Finance Energy assistance for the poor Energy conservation Energy transportation Finance and Financial Sector Gas industry Heating Housing and Community Development Income tax Natural gas Oil well drilling Petroleum Petroleum industry Petroleum refineries Social Welfare Tax credits

WARM Act of 2008

Introduced: July 24, 2008 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 24, 2008

Introduced in Senate

Jul 24, 2008

Read twice and referred to the Committee on Finance.

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Plain-English summary Congressional Research Service

Weatherization, Assistance, and Relief for Middle-Income Households Act of 2008 or the WARM Act of 2008 - Makes additional appropriations in FY2008 for the Low-Income Home Energy Assistance Program (LIHEAP) and the Weatherization Assistance Program for Low-Income Persons.

Amends the Internal Revenue Code to: (1) allow a income-based tax credit for 50% of home heating oil expenditures made on or after June 1, 2008, and before January 1, 2009, up to $1,000 ($2,000 for joint returns); (2) deny major integrated oil companies a tax deduction for income attributable to domestic production, refining, processing, transportation, or distribution of oil, gas, or primary products thereof; and (3) establish a fair market value standard for determining foreign oil and gas extraction income.

What's happening now July 24, 2008

Read twice and referred to the Committee on Finance.

Bill text 1 version