Termination of various tax expenditures relating to fossil fuels

(a) In general Subchapter C of chapter 80 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 7875. Termination of certain provisions relating to fossil-fuel incentives (a) In general The following provisions shall not apply to taxable years beginning after the date of the enactment of the End Polluter Welfare Act of 2025: (1) Section 43 (relating to enhanced oil recovery credit). (2) Section 45I (relating to credit for producing oil and natural gas from marginal wells). (3) Section 461(i)(2) (relating to special rule for spudding of oil or natural gas wells). (4) Section 469(c)(3)(A) (relating to working interests in oil and natural gas property). (5) Section 613A (relating to limitations on percentage depletion in case of oil and natural gas wells). (b) Provisions relating to property The following provisions shall not apply to property placed in service after the date of the enactment of the End Polluter Welfare Act of 2025: (1) Section 168(e)(3)(C)(iii) (relating to classification of certain property). (2) Section 169 (relating to amortization of pollution control facilities) with respect to any atmospheric pollution control facility. (c) Provisions relating to costs and expenses The following provisions shall not apply to costs or expenses paid or incurred after the date of the enactment of the End Polluter Welfare Act of 2025: (1) Section 179B (relating to deduction for capital costs incurred in complying with Environmental Protection Agency sulfur regulations). (2) Section 468 (relating to special rules for mining and solid waste reclamation and closing costs). (d) Allocated credits No new credits shall be certified under section 48A (relating to qualifying advanced coal project credit) after the date of the enactment of the End Polluter Welfare Act of 2025. (e) Arbitrage bonds Section 148(b)(4) (relating to safe harbor for prepaid natural gas) shall not apply to obligations issued after the date of the enactment of the End Polluter Welfare Act of 2025.. (b) Conforming amendments (1) Section 613(d) of the Internal Revenue Code of 1986 is amended by striking Except as provided in section 613A, in the case and inserting In the case. (2) The table of sections for subchapter C of chapter 90 of such Code is amended by adding at the end the following new item: Sec. 7875. Termination of certain provisions relating to fossil-fuel incentives..