Loading…
Big Oil Windfall Profits Tax Act
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 5,357 other S bills in the 117th — cohort avg 38d
Big Oil Windfall Profits Tax Act This bill imposes an excise tax on the windfall profits of crude oil on taxpayers who extracted and imported more than 300,000 barrels (a barrel equals 42 U.S. gallons) of taxable crude oil (i.e., crude oil, crude oil condensates, and natural gasoline) in 2019, or who extracted and imported that amount in the current calendar quarter. The bill requires rebates of the tax collected to be paid to individual taxpayers. The bill establishes the Protect Consumers from Gas Hikes Fund to finance such rebates.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (7)
2022 · fourth_quarter · Taxation/Internal Revenue Code
Read twice and referred to the Committee on Finance.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Discussions related to corporate taxation including energy related tax provisions; implementation of H.R.5376, Inflation Reduction Act of 2022 (P.L.117-169); H.R.2617, Consolidated Appropriations Act, 2023. Discussions related to windfall profits tax; S.3802, Big Oil Windfall Profits Tax Act. Discussions related to foreign tax credit regulations.
Client expense: Not reported · Firm income: $80,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
Discussions related to international and corporate taxation including energy related tax provisions; H.R.5376, Inflation Reduction Act of 2022 (P.L.117-169). Discussions related to windfall profits tax; S.3802, Big Oil Windfall Profits Tax Act. Discussions related to foreign tax credit regulations.
Client expense: Not reported · Firm income: $80,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Energy/Nuclear
HOUSE: H.R. 5376: Build Back Better Act (Support) H.R. 7388: Offshore Wind American Manufacturing Act (Support) H.R. 6865: Coast Guard Reauthorization Act (Oppose section 518) H.R. 7061: Big Oil Windfall Profits Tax Act (Support) H.R. 7688 : Consumer Fuel Price Gouging Prevention Act (Support) SENATE: S. 2140: Solar Energy Manufacturing for America Act (Support) S. 3802: Big Oil Windfall Profits Tax Act (Support) NOT YET INTRODUCED: NYI: Senate Compromise Bill stemming from the Build Back Better Act passed in the House(Support)
Client expense: $150,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), SENATE
2022 · second_quarter · Taxation/Internal Revenue Code
Discussions related to international and corporate taxation including energy related tax provisions; FY2022 Budget Reconciliation (H.R.5376). Discussions related to windfall profits tax; S.3802, Big Oil Windfall Profits Tax Act. Discussions related to foreign tax credit regulations.
Client expense: Not reported · Firm income: $80,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Fuel/Gas/Oil
S.3802/H.R.7061 - Big Oil Windfall Profits Tax Act: in support of the entire bill
Client expense: $10,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2022 · first_quarter · Energy/Nuclear
HOUSE: H.R. 7061: Big Oil Windfall Profits Tax Act (Support) H.R. 815: Arctic Refuge Protection Act (Support) H.R. 7388: Offshore Wind American Manufacturing Act (Support) H.R. 5376: Build Back Better Act (Support) SENATE: S.3802: Big Oil Windfall Profits Tax Act (Support) NOT YET INTRODUCED: NYI: Senate Compromise Bill stemming from the Build Back Better Act passed in the House(Support)
Client expense: $120,000 · Firm income: Not reported
Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), SENATE, Transportation, Dept of (DOT)
2022 · first_quarter · Taxation/Internal Revenue Code
Big Oil Windfall Profits Tax Act (S. 3802); Price Gouging, Windfalls Tax
Client expense: $2,180,000 · Firm income: Not reported
Government targets: SENATE
2022 · first_quarter · Fuel/Gas/Oil
Big Oil Windfalls Profits Tax Act (S.3802); Inflation/Corporate Greed; Imposes Excise tax on the windfalls profits of crude oil
Client expense: $2,180,000 · Firm income: Not reported
Government targets: SENATE
2022 · first_quarter · Economics/Economic Development
COVID-19 Price Gouging Prevention Act (H.R.675); Inflation/Corporate Greed Inflation/Corporate Greed; Addressing the role of corporate greed in rising costs Big Oil Windfalls Profits Tax Act (S.3802); Inflation/Corporate Greed: Imposes Excise tax on the windfalls profits of crude oil.
Client expense: $2,180,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Taxation/Internal Revenue Code
S.3802 - Big Oil Windfall Profits Tax Act
Client expense: $10,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Taxation/Internal Revenue Code
HR 7061, S 3802--Big Oil Windfall Profits Tax Act--Provisions related to taxing oil and gas industry profits HR 4534, S 2378--Fair Affordable Innovative and Reslient (FAIR) Transition and Competition Act of 2021--Provisions related to a border adjustment tax
Client expense: $170,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Taxation/Internal Revenue Code
Biden Made in America Tax Plan Paid Family Medical Leave Billionaires Surtax- various proposals HR 5376- Income tax on extremely high incomes; Billionaires Income Tax; Babies Over Billionaires Act (Deemed realization on individuals with sizable assets or large unrealized capital gains) S 3701- WEP/GPO; Windfall Elimination Tax; Social Security 2100: A Sacred Trust HR 5376, HR 1785, S 714- International tax incentives for outsourcing and rates; No Tax Breaks for Outsourcing Act HR 5376, HR 2576, S 994- Estate Taxes, For the 99.5% Act HR 5376, S 510, HR 1459- Ultra-Millionaire Tax Act of 2021 HR 3805, S 2028- Millionaires Surtax Act HR 5376, S 2617, HR 1068, S 1598- Carried interest tax loophole Deemed realization (one-time) at death or transfer for large assets (e.g. <$1,000,000,000) HR 2286- Deemed Realization of capital gains HR 5376, HR 1116, HR 1200, S 1857, S 1788- Increased federal funding of IRS to strengthen tax enforcement and services; IRS Enhancement and Tax Gap Reduction Act of 2021; Stop CHEATERS Act; Restoring the IRS Act 28% cap on value of individual itemized deductions 20% deduction for business owners' pass through income to individual taxes S 1652- Paying a Fair Share Act Individual taxes: Surtax; increase rates on high income; return top rate to 39.6%; close loopholes; Mark to Market Close NIIT and SECA tax loopholes and delicate revenue to fund Medicare Corporate tax- higher rates; close loopholes; raise revenue; minimum rate (e.g. 15%) S 2680, HR 4940- Real Corporate Profits Tax Act of 2021 HR 6847- Individual tax itemized deduction for state and local taxes (i.e. SALT) Supporting Americans with Lower Taxes Act (SALT Act) Earned income tax credits, child tax credits HR 2549, S 1157- Tax Fairness for Workers Act, Individual tax deduction for union dues General Business Tax Credits refundability Tax extenders generally, R&D Tax Credit, Refundable NOL Carryover Opportunity Zone Reform Act HR 2337- Public Servants Protection and Fairness Act of 2021 Simplifying Federal Tax Filing Procedures S 3802, HR 7061- Big Oil Windfall Profits Act Space Tax Act
2022 · first_quarter · Fuel/Gas/Oil
S.3802/H.R.7061 - Big Oil Windfall Profits Tax Act: in support of the entire bill S.115/H.R.2519 - Keep It in the Ground Act: in support of the entire bill
Client expense: $10,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
| Democratic |
| NJ |
| Debbie Stabenow | Democratic | MI |
| Dianne Feinstein | Democratic | CA |
| Edward J. Markey | Democratic | MA |
| Elizabeth Warren | Democratic | MA |
| Jack Reed | Democratic | RI |
| Jeff Merkley | Democratic | OR |
| Michael F. Bennet | Democratic | CO |
| Raphael G. Warnock | Democratic | GA |
| Richard Blumenthal | Democratic | CT |
| Robert P. Casey, Jr. | Democratic | PA |
| Sherrod Brown | Democratic | OH |
| Tammy Baldwin | Democratic | WI |
| Tim Kaine | Democratic | VA |
Client expense: $590,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office