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HR 2451 97th Congress House Taxation Excess profits tax Petroleum and petroleum products Petroleum industry Tax exemption

A bill to amend the Internal Revenue Code of 1954 to provide, in lieu of the reduced rates for independent producer oil, an exemption of 1000 barrels per day from the crude oil windfall profit tax…

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A bill to amend the Internal Revenue Code of 1954 to provide, in lieu of the reduced rates for independent producer oil, an exemption of 1000 barrels per day from the crude oil windfall profit tax for independent producers and royalty owners.

Introduced: March 11, 1981 See on congress.gov
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 4, 1981
See H.R.4242.
Mar 11, 1981
Referred to House Committee on Ways and Means.
Mar 11, 1981
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to provide a limited exemption of independent producer oil from the windfall profit tax.

What's happening now August 4, 1981

See H.R.4242.

 Related & companion bills 1
  • HR 4242 Related bill Economic Recovery Tax Act of 1981
 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Rogers, Harold
Kentucky · Mar 11, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2451: A bill to amend the Internal Revenue Code of 1954 to provide, in lieu of the reduced rates for independent producer oil, an exemption of 1000 barrels per day from the crude oil windfall profit tax for independent producers and royalty owners.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-2451/
MLA
"H.R. 2451: A bill to amend the Internal Revenue Code of 1954 to provide, in lieu of the reduced rates for independent producer oil, an exemption of 1000 barrels per day from the crude oil windfall profit tax for independent producers and royalty owners.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-2451/.
Bluebook (legal)
H.R. 2451, 97th Cong. (2026), https://openamerica.io/bill/97-HR-2451/.
Markdown link
[H.R. 2451: A bill to amend the Internal Revenue Code of 1954 to provide, in lieu of the reduced rates for independent producer oil, an exemption of 1000 barrels per day from the crude oil windfall profit tax for independent producers and royalty owners.](https://openamerica.io/bill/97-HR-2451/)
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