HR. 383In Committee
End Oil and Gas Tax Subsidies Act of 2025
Plain-English overview
What this bill does
Repeals and limits federal tax preferences for oil and gas production while tightening related tax accounting, deduction, and crude oil excise tax rules
Key points
- Prohibit LIFO accounting use
- Limit oil and gas tax deductions
- Repeal oil and gas tax credits
- Increase geological expense amortization
Current status
Where it stands
Status
In Committee
Latest action
2025-01-14 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
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Discovery signals
About these signals
Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.
Impact ScoreOverall observed legislative footprint and accumulated activity.
MomentumHow recently active or changing the bill appears in available data.