Stop Gas Price Gouging Tax and Rebate Act
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Stop Gas Price Gouging Tax and Rebate Act
This bill imposes an excise tax of 50% of the excess of the windfall profit of a producer of crude oil (including crude oil condensates and natural gasoline) that has an average daily worldwide production of crude oil of at least 300,000 barrels for the taxable year, and had gross receipts in excess of $1 billion for its last taxable year during 2005. The bill defines windfall profit as the excess of the adjusted taxable income of such producer for taxable year 2022 over the reasonably inflated average profit for such taxable year.
The bill requires payment of energy price rebates to eligible individuals.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 7099: Stop Gas Price Gouging Tax and Rebate Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7099/
"H.R. 7099: Stop Gas Price Gouging Tax and Rebate Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7099/.
H.R. 7099, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7099/.
[H.R. 7099: Stop Gas Price Gouging Tax and Rebate Act](https://openamerica.io/bill/117-HR-7099/)