HR 383
End Oil and Gas Tax Subsidies Act of 2025
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 13, 2026, 4:11 PM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the End Oil and Gas Tax Subsidies Act of 2025, aims to eliminate tax breaks currently benefiting the oil and gas industry. It proposes to repeal various tax credits and deductions related to oil and gas production, including those for marginal wells, enhanced oil recovery, and tertiary injectants. The bill also restricts how oil companies can account for their expenses, prohibits the use of the LIFO accounting method by major integrated oil companies, and clarifies the definition of crude oil to include tar sands and oil shale. Finally, it modifies rules regarding foreign tax credits to address dual-capacity taxpayers.
Sponsors
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Primary sponsor
Cosponsors
Donald S. Beyer
Eleanor Holmes [D-DC-At Large] Norton
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