HB1483
Type: B Origin: House Comments: 0

End Oil And Gas Tax Subsidies Act Of 2023

Latest Action: Introduced in House

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The "End Oil and Gas Tax Subsidies Act of 2023" aims to eliminate tax subsidies for the oil and gas industry. The bill intends to revoke various tax breaks, deductions, and credits currently benefiting oil and gas companies. By removing these subsidies, the legislation seeks to promote cleaner energy sources, reduce environmental harm, and level the playing field for renewable energy industries. This bill could have significant impacts on the financial incentives available to the oil and gas sector while encouraging a shift towards more sustainable energy practices.

Bill Activity

  • 2023-03-09: Introduced in House

  • 2023-03-09: Sponsor introductory remarks on measure. (CR E203)

  • 2023-03-09: Referred to the House Committee on Ways and Means.

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