HR 8108
End Polluter Welfare for Enhanced Oil Recovery Act of 2026
Take action
Record your position on this measure.
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 End Polluter Welfare for Enhanced Oil Recovery Act of 2026, aims to eliminate certain tax credits related to the use of carbon oxide for enhanced oil recovery. Specifically, it removes the allowance for carbon oxide to be used as a tertiary injectant in new facilities and modifies existing tax provisions associated with enhanced oil recovery credits. The bill alters several sections of the Internal Revenue Code to achieve these changes.
Key provisions
- Eliminates the use of carbon oxide as a tertiary injectant for new enhanced oil recovery facilities after the bill’s enactment date.
- Strikes section 43 from Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code.
- Modifies sections 38(b), 45I(b)(2)(B), 45K(b)(5)(A), and 45Q of the Internal Revenue Code.
- Changes the wording of section 45Q(b)(3)(B) to reflect the date of the bill’s enactment.
- Modifies section 6501(m) by removing reference to section 43.
- Redesigns sections 196(c) and removes paragraph 5.
- Conforming amendments are made to various sections of the Internal Revenue Code to align with the changes.
Who is affected
- Oil and gas industry
- Taxpayers
- Energy companies
- Government (through tax revenue)
Notable changes
- Eliminates tax credits associated with enhanced oil recovery using carbon oxide.
- Changes to the Internal Revenue Code related to carbon oxide usage in oil recovery.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Eleanor Holmes [D-DC-At Large] Norton
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.
119th CONGRESS — 2d Session
H. R. 8108
IN THE HOUSE OF REPRESENTATIVES
A BILL
To amend the Internal Revenue Code of 1986 to provide for an end date for the credit for certain qualified carbon oxide, and for other purposes.
This Act may be cited as the End Polluter Welfare for Enhanced Oil Recovery Act of 2026
.
End Polluter Welfare for Enhanced Oil Recovery Act of 2026
, subsection (a)(3)(B)(ii) shall not apply.Section 45I(b)(2)(B) of such Code is amended by inserting End Polluter Welfare for Enhanced Oil Recovery Act of 2026(as in effect on the day before the date of the enactment of the
after section 43(c)(3)(B)
.
Section 45K(b)(5)(A) of such Code is amended by inserting End Polluter Welfare for Enhanced Oil Recovery Act of 2026(as in effect on the day before the date of the enactment of the
after section 43
.
section 43(b)(3)(B)each place it appears and inserting
section 43(b)(3)(B) (as in effect on the day before the date of the enactment of the, andEnd Polluter Welfare for Enhanced Oil Recovery Act of 2026
)
(as in effect on the day before the date of the enactment of theafterEnd Polluter Welfare for Enhanced Oil Recovery Act of 2026
)
section 43(c)(2).
Section 196(c) of such Code is amended by striking paragraph (5) and by redesignating paragraphs (6) through (14) as paragraphs (5) through (13), respectively.
43,.