Introduced
S. 1026
Introduced in Senate · March 28, 2025March 13, 2025
Mr. Markey (for himself, Ms. Warren, Mr. Whitehouse, Mr. Merkley, Mr. Welch, Mr. Sanders, and Mr. Van Hollen) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to clarify that products derived from tar sands are crude oil for purposes of the Federal excise tax on petroleum, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Tar Sands Tax Loophole Elimination Act”.