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H.R. 8411 116th Congress House

End Oil and Gas Tax Subsidies Act of 2020

Official title: To amend the Internal Revenue Code of 1986 to repeal fossil fuel subsidies for oil companies, and for other purposes.

Introduced: October 6, 2020 See on congress.gov
Taxation Accounting and auditingAdministrative law and regulatory proceduresBusiness expensesDepartment of the Treasury
More subjectsShow fewer subjects
Income tax creditsIncome tax deductionsMotor fuelsOil and gasPipelinesSales and excise taxesTax administration and collection, taxpayersTaxation of foreign income
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Sep 29, 2020
Referred to the House Committee on Ways and Means.
Sep 29, 2020
Introduced in House
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 Latest action September 29, 2020

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

End Oil and Gas Tax Subsidies Act of 2020

This bill limits or repeals certain fossil fuel oil and gas subsidies for oil companies. Specifically, it

  • increases to seven years the amortization period for geological and geophysical expenditures;
  • repeals the tax credits for producing oil and gas from marginal wells and for enhanced oil recovery;
  • repeals the tax deduction for the intangible drilling and development costs of oil and gas wells;
  • repeals percentage depletion;
  • repeals the tax deduction for tertiary injectant expenses;
  • repeals the passive loss exception for working interests in oil and gas property;
  • denies the tax deduction for income attributable to domestic production activities for oil and gas activities;
  • prohibits the use of the last-in, first-out (LIFO) accounting method by major integrated oil companies;
  • limits the foreign tax credit for dual capacity taxpayers (i.e., taxpayers who are subject to a levy of a foreign country or U.S. possession and receive specific economic benefits from such country or possession); and
  • expands the definition of crude oil for purposes of the excise tax on petroleum and petroleum products to include any oil derived from a bitumen or bituminous mixture (tar sands), and any oil derived from kerogen-bearing sources (oil shale).
 Related & companion bills 2
  • HR 5914 Tar Sands Tax Loophole Elimination Act
  • S 3315 Tar Sands Tax Loophole Elimination Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Levin, Mike
California · Oct 6, 2020
 D
Casten, Sean
Illinois · Sep 29, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8411: End Oil and Gas Tax Subsidies Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-8411/
MLA
"H.R. 8411: End Oil and Gas Tax Subsidies Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-8411/.
Bluebook (legal)
H.R. 8411, 116th Cong. (2026), https://openamerica.io/bill/116-HR-8411/.
Markdown link
[H.R. 8411: End Oil and Gas Tax Subsidies Act of 2020](https://openamerica.io/bill/116-HR-8411/)
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