S.1588 - Stop Taxbreaks for Oil Profiteering Act

A bill to amend the Internal Revenue Code of 1986 to provide the same tax treatment for both commercial and noncommercial investors in oil and natural gas and related commodities, and for other purposes. view all titles (3)

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  • Official: A bill to amend the Internal Revenue Code of 1986 to provide the same tax treatment for both commercial and noncommercial investors in oil and natural gas and related commodities, and for other purposes. as introduced.
  • Short: Stop Taxbreaks for Oil Profiteering Act as introduced.
  • Short: STOP Act as introduced.

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08/06/09
 
 
 
 
 
 
 

Latest Action Aug 06, 2009Read twice and referred to the Commi... Related Bills (0) & Issues (7)
8/6/2009--Introduced.Stop Tax-breaks for Oil Profiteering Act or the STOP Act - Amends the Internal Revenue Code to: (1) treat gain or loss from the sale or exchange of oil or natural gas and related commodities as ordinary income or loss (thus taxed at regular income tax rates); and (2) r
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Official Summary

8/6/2009--Introduced.Stop Tax-breaks for Oil Profiteering Act or the STOP Act - Amends the Internal Revenue Code to:
(1) treat gain or loss from the sale or exchange of oil or natural gas and related commodities as ordinary income or loss (thus taxed at regular income tax rates); and
(2) require certain tax-exempt entities to pay unrelated business tax on gain or loss from the sale or exchange of oil or natural gas and related commodities. Makes such tax treatment applicable to commodities acquired after August 31, 2009, and before January 1, 2014. Directs the Secretary of the Treasury to study and report to Congress on the tax treatment of certain commodities and contracts under section 1256 of the Internal Revenue Code.

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09/30/09
Lester Young - Handytarife & Handy-Angebote

Ausführlich dokumentiert auf den 8 CDs der „Complete Lester Young Studio Sessions on Verve“. Richard Morton/Brian Cook: The Penguin Guide to Jazz On CD, Sixth edition, Penguin, London 2002. ↑ S. 1588. Rainer Nolden: Count Basie. ...

Source: Handytarifer
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08/07/09
Michael Jackson tribute: Wyden's Proposal for taxing oil and gas ...

Today, Wyden introduced a bill (S. 1588) that deals with together of these issues. It would end a tax break currently enjoyed by speculators who trade in lubricate and gas. They'd have to pay tax at the normal income rates, ...

Source: Michael Jackson tribute
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08/05/09
S. 1588: A bill to amend the Internal Revenue Code of 1986 to ...

A bill in the US Congress: A bill to amend the Internal Revenue Code of 1986 to provide the same tax treatment for both commercial and noncommercial investors in oil and natural gas and related commodities, and for other purposes.

Source: Active Legislation -- Tracked by GovTrack.us
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