Tar Sands Tax Loophole Elimination Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 7
- Latest action
- Mar 13, 2025
What it does
The bill would amend the Internal Revenue Code to clarify that products derived from tar sands are classified as crude oil for the purpose of the federal excise tax on petroleum, ensuring they are subject to the same tax treatment as other crude oil. It affects fuel feedstocks and finished fuel products derived from tar sands, bitumen, or similar sources by explicitly including them in the definition of crude oil under tax law. The bill also grants the Secretary of the Treasury regulatory authority to classify additional fuel products as taxable crude oil or petroleum products if they meet certain hazard and transportation criteria, and the changes would take effect upon enactment.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.