H.R. 4714 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Natural Resources, Science, Space, and Technology, Energy and Commerce, Agriculture, Appropriations, Financial Services, and Foreign Affairs, 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, Jul 23, 2025
1st SessionH. R. 4714
A BILL
End Polluter Welfare Act of 2025
Sponsor: Rep. Ilhan Omar (D-MN-5) · Introduced Jul 23, 2025 · Taxation · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jul 23, 2025: “Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Natural Resources, Science, Space, and Technology, Energy and Commerce, Agriculture, Appropriations, Financial Services, and Foreign Affairs, 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.”
Sections
Title I — Elimination of fossil fuel subsidies · 16
- Sec. 101Definition of fossil fuelNo change
- Sec. 102Royalty reliefNo change
- Sec. 103Royalties under Mineral Leasing ActNo change
- Sec. 104Offshore oil and gas royalty rateNo change
- Sec. 105Elimination of interest payments for royalty overpaymentsNo change
- Sec. 106Removal of limits on liability for offshore facilities and pipeline operatorsNo change
- Sec. 107Restrictions on use of appropriated funds by international financial institutions for projects that support fossil fuelNo change
- Sec. 108Office of Fossil Energy and Carbon ManagementNo change
- Sec. 109Loan Programs Office of the Department of EnergyNo change
- Sec. 110USDA assistance for carbon capture and storage systemsNo change
- Sec. 111Advanced Research Projects Agency—EnergyNo change
- Sec. 112Incentives for innovative technologiesNo change
- Sec. 113Rural Utility Service loan guaranteesNo change
- Sec. 114Prohibition on use of funds by the United States International Development Finance Corporation or the Export-Import Bank of the United States for financing projects, transactions, or other activities that support fossil fuelNo change
- Sec. 115Transportation funds for grants, loans, loan guarantees, and other direct assistanceNo change
- Sec. 116Elimination of exclusion of certain lenders as owners or operators under CERCLANo change
Title II — Amendments to Internal Revenue Code of 1986 · 24
- Sec. 201Termination of various tax expenditures relating to fossil fuelsNo change
- Sec. 202Termination of certain deductions and credits related to fossil fuelsNo change
- Sec. 203Uniform seven-year amortization for geological and geophysical expendituresNo change
- Sec. 204Natural gas gathering lines treated as 15-year propertyNo change
- Sec. 205Termination of last-in, first-out method of inventory for oil, natural gas, and coal companiesNo change
- Sec. 206Repeal of percentage depletion for coal and hard mineral fossil fuelsNo change
- Sec. 207Termination of capital gains treatment for royalties from coalNo change
- Sec. 208Modifications of foreign tax credit rules applicable to oil and gas industry taxpayers receiving specific economic benefitsNo change
- Sec. 209Increase in oil spill liability trust fund financing rateNo change
- Sec. 210Application of certain environmental taxes to synthetic crude oilNo change
- Sec. 211Denial of deduction for removal costs and damages for certain oil spillsNo change
- Sec. 212Tax on crude oil and natural gas produced from the outer Continental Shelf in the Gulf of MexicoNo change
- Sec. 213Repeal of corporate income tax exemption for publicly traded partnerships with qualifying income and gains from activities relating to fossil fuelsNo change
- Sec. 214Amortization of qualified tertiary injectant expensesNo change
- Sec. 215Amortization of development expendituresNo change
- Sec. 216Amortization of certain mining exploration expendituresNo change
- Sec. 217Amortization of intangible drilling and development costs in the case of oil and gas wellsNo change
- Sec. 218Increase in excise tax rate for funding of Black Lung Disability Trust FundNo change
- Sec. 219Elimination of renewable electricity production credit eligibility for refined coalNo change
- Sec. 220Treatment of foreign oil related income as subpart F incomeNo change
- Sec. 221Repeal of exclusion of foreign oil and gas extraction income from the determination of tested incomeNo change
- Sec. 222Termination of credit for carbon oxide sequestrationNo change
- Sec. 223Eliminate drawbacks on petroleum taxesNo change
- Sec. 224Modifying clean hydrogen production creditNo change