HR 2184
117th Congress
House
Taxation
Accounting and auditing
Administrative law and regulatory procedures
Business expenses
Department of the Treasury
Income tax credits
Income tax deductions
Motor fuels
Oil and gas
Pipelines
Sales and excise taxes
Tax administration and collection, taxpayers
Taxation of foreign income
End Oil and Gas Tax Subsidies Act of 2021
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 26, 2021
Referred to the House Committee on Ways and Means.
Mar 26, 2021
Sponsor introductory remarks on measure. (CR E309)
Mar 26, 2021
Introduced in House
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Plain-English summary
End Oil and Gas Tax Subsidies Act of 2021
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).
What's happening now
Referred to the House Committee on Ways and Means.
Related & companion bills
2
Bill text
1 version
- Introduced in House Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cosponsors
39
Sarbanes, John
D
Levin, Mike
D
Dingell, Debbie
Lowenthal, Alan
D
Gomez, Jimmy
LANGEVIN, JAMES
D
Raskin, Jamie
MALONEY, CAROLYN
DEFAZIO, PETER
McNerney, Jerry
D
Moore, Gwen
D
Schakowsky, Janice D.
D
Watson Coleman, Bonnie
D
Welch, Peter
D
Davis, Danny K.
D
Lieu, Ted
D
Khanna, Ro
D
DeGette, Diana
D
Brownley, Julia
D
DeSaulnier, Mark
D
Bonamici, Suzanne
D
Meng, Grace
D
Tonko, Paul
D
Espaillat, Adriano
D
García, Jesús G. "Chuy"
D
Cleaver, Emanuel
D
Cohen, Steve
COOPER, JAMES
D
Evans, Dwight
D
Sherman, Brad
D
Takano, Mark
D
Huffman, Jared
D
Lofgren, Zoe
D
Pocan, Mark
D
Norton, Eleanor Holmes
D
Pingree, Chellie
D
Chu, Judy
D
Casten, Sean
McEachin, A.
Cite this page
U.S. Congress. (2026). H.R. 2184: End Oil and Gas Tax Subsidies Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2184/
"H.R. 2184: End Oil and Gas Tax Subsidies Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2184/.
H.R. 2184, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2184/.
[H.R. 2184: End Oil and Gas Tax Subsidies Act of 2021](https://openamerica.io/bill/117-HR-2184/)