HR 662
Promoting Domestic Energy Production Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 2:45 AM
Take action
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Promoting Domestic Energy Production Act, changes how corporations calculate their minimum tax liability. It allows companies involved in oil, gas, and geothermal drilling to deduct certain intangible costs – like depreciation and depletion – from their adjusted financial statement income. This deduction would reduce the amount subject to the corporate alternative minimum tax, potentially lowering tax obligations for these energy producers. The changes will take effect starting in 2026.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.