legislation: 101-hr-5734

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
101-hr-5734 101 hr 5734 Petroleum Producers Burden Sharing Act of 1990 Taxation 1990-09-27 1990-10-26 Referred to the Subcommittee on Human Resources. House Rep. Conte, Silvio O. [R-MA-1] MA R C000709 4 Petroleum Producers Burden Sharing Act of 1990 - Amends the Internal Revenue Code to reinstate the windfall profit tax on domestic crude oil. Terminates such tax: (1) after the expiration of the first four calendar quarters beginning after the date of enactment of this section; or (2) after the expiration of the first six such calendar quarters, if the President determines that a continuing energy price crises exists. Establishes the Low Income Energy Support Trust Fund to fund the grant program under the Low-Income Home Energy Assistance Act of 1981 and the weatherization program under the Energy Conservation in Existing Buildings Act of 1976. Transfers to such Fund 33 percent of the taxes received from the windfall profit tax on domestic crude oil. 2025-08-26T17:27:43Z  

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