Big Oil Welfare Repeal Act of 2011
Official title: To amend the Internal Revenue Code of 1986 to disallow the deduction for income attributable to domestic production activities with respect to oil and gas activities of major integrated oil companies.
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Referred to the House Committee on Ways and Means.
Big Oil Welfare Repeal Act of 2011 - Amends the Internal Revenue Code to deny a tax deduction for income attributable to the domestic production, refining, processing, transportation, or distribution of oil, gas, or any primary products thereof by a major integrated oil company (an oil company which has an average daily worldwide production of crude oil of at least 500,000 barrels for the taxable year and which had gross receipts in excess of $1 billion for its last taxable year ending during calendar year 2005).
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 1689: Big Oil Welfare Repeal Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-HR-1689/
"H.R. 1689: Big Oil Welfare Repeal Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-1689/.
H.R. 1689, 112th Cong. (2026), https://openamerica.io/bill/112-HR-1689/.
[H.R. 1689: Big Oil Welfare Repeal Act of 2011](https://openamerica.io/bill/112-HR-1689/)