2025-2026 Regular Session • US Congress Legislature
SB1026: Tar Sands Tax Loophole Elimination Act
Legislative Summary
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.
Bill History
3/13/2025
Read twice and referred to the Committee on Finance.
Senate
Status Information
Current Status
Introduced(3/13/2025)
Chamber
Senate
Committee
Finance(Senate)
Sponsors
Democrat: 6
Independent: 1
Primary Sponsor
Edward Markey
Democrat