Bill117th CongressFiled May 31, 2022Taxation
H.R. 7926
Federal Gas Tax Suspension and Windfall Profits Tax Act of 2022
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary 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.
What just happenedMay 31, 2022
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Schiff, Adam B. [D-CA-28](D-CA)Sponsor
1committees3actions
- Introduced in HouseMay 31, 2022
- May 31, 2022IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 31, 2022IntroReferralIntro-H
Introduced in House
- May 31, 2022IntroReferral1000
Introduced in House