To amend the Internal Revenue Code of 1986 to temporarily suspend certain fuel excise taxes for fuel separated during periods in which the national average price of gasoline exceeds $3.99 per gallon, and to prohibit certain credits or deductions for oil and gas companies during such periods.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill reduces a tax deduction, compliance mandate provision: 1. Suspension of tax on removal, entry, or sale of certain fuel; suspension of certain credits and deductions for oil and gas companies Section 4081 of the Internal. It relies on tax deductions and compliance mandates. The main policy areas are Energy.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Reduces a tax deduction, compliance mandate provision: 1. Suspension of tax on removal, entry, or sale of certain fuel; suspension of certain credits and deductions for oil and gas companies Section 4081 of the Internal...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill reduces a tax deduction, compliance mandate provision: 1. Suspension of tax on removal, entry, or sale of certain fuel; suspension of certain credits and deductions for oil and gas companies Section 4081 of the Internal.
Key Policy Areas
Energy
Primary Purpose
The bill reduces a tax deduction, compliance mandate provision: 1. Suspension of tax on removal, entry, or sale of certain fuel; suspension of certain credits and deductions for oil and gas companies Section 4081 of the Internal.
Policy Domains
Sponsors
Legislative Progress
In CommitteeReferred to the House Committee on Ways and Means.
Introduced in House
Mr. Boyle of Pennsylvania introduced the following bill; which was …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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