US Congress House Bill 880 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 30 2019 - 25% progression, died in committee
Action: 2019-02-07 - Referred to the Subcommittee on Highways and Transit.
Pending: House Subcommittee on Highways and Transit Committee
Text: Latest bill text (Introduced) [PDF]

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.

Surface Transportation Investment Act of 2019

Rep. Julia Brownley [D-CA]

Rep. Gil Cisneros [D-CA]

Date	Chamber	Action
2019-02-07	House	Referred to the Subcommittee on Highways and Transit.
2019-01-30	House	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.
2019-01-30	House	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.
2019-01-30	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/880/all-info
Text	https://www.congress.gov/116/bills/hr880/BILLS-116hr880ih.pdf