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Surface Transportation Investment Act of 2019

USA116th CongressHR-880| House 
| Updated: 2/7/2019
Julia Brownley

Julia Brownley

Democratic Representative

California

Cosponsors (1)
Gilbert Ray Cisneros (Democratic)

Transportation and Infrastructure Committee, Ways and Means Committee, Highways and Transit Subcommittee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Surface Transportation Investment Act of 2019 This bill limits or repeals certain tax benefits for major integrated oil companies, including (1) the foreign tax credit for companies that are dual capacity taxpayers, (2) the tax deduction for intangible drilling and development costs, (3) the percentage depletion allowance for oil and gas wells, and (4) the tax deduction for qualified tertiary injectant expenses. The bill modifies the definition of "major integrated oil company" to include certain successors in interest that control more than 50% of the crude oil production or natural gas production of the company. The bill establishes a Transportation Block Grant Fund and appropriates to the fund amounts equal to the increase in revenues as a result of this bill. The funds must be used for making grants under the Surface Transportation Block Grant Program.
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Timeline
Jan 30, 2019
Introduced in House
Jan 30, 2019
Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, 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.
Feb 7, 2019
Referred to the Subcommittee on Highways and Transit.
  • January 30, 2019
    Introduced in House


  • January 30, 2019
    Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, 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.


  • February 7, 2019
    Referred to the Subcommittee on Highways and Transit.

Taxation

Department of the TreasuryEnergy assistance for the poor and agedExecutive agency funding and structureGovernment trust fundsIncome tax creditsIncome tax deductionsOil and gasRoads and highwaysTaxation of foreign incomeTransportation programs funding

Surface Transportation Investment Act of 2019

USA116th CongressHR-880| House 
| Updated: 2/7/2019
Surface Transportation Investment Act of 2019 This bill limits or repeals certain tax benefits for major integrated oil companies, including (1) the foreign tax credit for companies that are dual capacity taxpayers, (2) the tax deduction for intangible drilling and development costs, (3) the percentage depletion allowance for oil and gas wells, and (4) the tax deduction for qualified tertiary injectant expenses. The bill modifies the definition of "major integrated oil company" to include certain successors in interest that control more than 50% of the crude oil production or natural gas production of the company. The bill establishes a Transportation Block Grant Fund and appropriates to the fund amounts equal to the increase in revenues as a result of this bill. The funds must be used for making grants under the Surface Transportation Block Grant Program.
View Full Text

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Timeline
Jan 30, 2019
Introduced in House
Jan 30, 2019
Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, 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.
Feb 7, 2019
Referred to the Subcommittee on Highways and Transit.
  • January 30, 2019
    Introduced in House


  • January 30, 2019
    Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, 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.


  • February 7, 2019
    Referred to the Subcommittee on Highways and Transit.
Julia Brownley

Julia Brownley

Democratic Representative

California

Cosponsors (1)
Gilbert Ray Cisneros (Democratic)

Transportation and Infrastructure Committee, Ways and Means Committee, Highways and Transit Subcommittee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Department of the TreasuryEnergy assistance for the poor and agedExecutive agency funding and structureGovernment trust fundsIncome tax creditsIncome tax deductionsOil and gasRoads and highwaysTaxation of foreign incomeTransportation programs funding