Politiparty
Politiparty

118th Congress Taxation

H.R. 3678: Pay Less at the Pump Act

Introduced

  1. Introduced (completed)May 25, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, May 25, 2023

This bill eliminates the excise tax on domestic crude oil and imported petroleum products (known as the petroleum Superfund tax rate) beginning on January 1, 2023. The bill also eliminates the authority for advances to the Hazardous Substance Superfund from the General Fund of the Treasury.

Under current law, the petroleum Superfund tax rate imposed is 16.4 cents per barrel (indexed annually for inflation). Amounts collected from this tax are deposited into the Hazardous Substance Superfund, which finances the remediation of certain environmentally contaminated sites.

Further, under current law, the authority for advances to be appropriated to the Hazardous Substance Superfund extends through 2032.

Written by the Congressional Research Service, Library of Congress.

Roll calls

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Amendments

0 offered

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Cosponsors

8

Who scored on this bill

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Other bills by Mike Carey

History

  1. May 25, 2023Introduced in the House by Mike Carey.
Show the full action history (2 actions)
  1. May 25, 2023Introduced in House
  2. May 25, 2023Referred to the House Committee on Ways and Means.