H.R. 7926 · 117th Congress
Federal Gas Tax Suspension and Windfall Profits Tax Act of 2022
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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SchiffSponsorNo cosponsors.
Federal Gas Tax Suspension and Windfall Profits Tax Act of 2022
What it does: CRS summary · Introduced in House · May 31, 2022
Federal Gas Tax Suspension and Windfall Profits Tax Act of 2022
This bill suspends the excise tax on gasoline (other than aviation gasoline) until December 31, 2023. It also imposes a 50% tax on the excess profits of certain large oil companies in the first taxable year after 2021.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Federal Gas Tax Suspension and Windfall Profits Tax Act of 2022
Latest action (May 31, 2022): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 31, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.