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Latest Update: Friday, January, 16th 2009
To amend the Internal Revenue Code of 1986 to repeal the oil and gas tax subsidies enacted in the Energy Policy Act of 2005, and for other purposes.
1/16/2007--Introduced. Energy Policy Reinvestment Act of 2007 - Amends the Internal Revenue Code to repeal: (1) the expensing allowance for liquid fuel refineries; (2) accelerated depreciation for natural gas distribution and gathering lines; (3) expanded eligibility of small petroleum refiners for the exception to limitations on the oil and gas depletion allowance; and (4) accelerated amortization of geological and geophysical expenditures. Directs that any revenues resulting from these repeals be made available for certain hydrogen and fuel cell technology programs.
Latest Actions
- 03/20/2007 - Referred to the Subcommittee on Government Management, Organization, and Procurement.
- 02/02/2007 - Referred to the Subcommittee on Energy and Air Quality.
- 01/31/2007 - Referred to the Subcommittee on Energy and Environment.
- 01/16/2007 - Referred to the Committee on Ways and Means, and in addition to the Committees on Science and Technology, Oversight and Government Reform, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 01/16/2007 - Referred to House Ways and Means
show all actions- 03/20/2007 - Referred to the Subcommittee on Government Management, Organization, and Procurement.
- 02/02/2007 - Referred to the Subcommittee on Energy and Air Quality.
- 01/31/2007 - Referred to the Subcommittee on Energy and Environment.
- 01/16/2007 - Referred to the Committee on Ways and Means, and in addition to the Committees on Science and Technology, Oversight and Government Reform, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 01/16/2007 - Referred to House Ways and Means
- 01/16/2007 - Referred to House Science and Technology
- 01/16/2007 - Referred to House Oversight and Government Reform
- 01/16/2007 - Referred to House Energy and Commerce
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