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Ends Tax on Natural Gas Production
Recent Bills/Ends Tax on Natural Gas Production

Ends Tax on Natural Gas Production

IntroducedN/A
Introduced1 year ago
Intro
Senate
House
Pres
Read twice and referred to the Committee on Environment and Public Works.
More:Recently Introduced BillsEconomySenate Bills
Why This Matters

This bill ends the tax on natural gas production, which could lower energy prices and increase production.

If you use natural gas, this bill could help lower your energy costs by removing the production tax.
Who this affects
natural gas producers · natural gas consumers
What changes is this bill making?
  1. 1This bill removes the tax on natural gas production, which could lower energy costs.
  2. 2It eliminates a program aimed at reducing methane emissions from natural gas systems.
  3. 3The repeal affects the funding previously allocated for methane waste reduction efforts.
  4. 4This change may encourage increased natural gas production by reducing operational costs.
Read the detailed summary

Unauthorized Spending Accountability Act This bill reduces budgetary levels for certain federal programs that are funded through the annual appropriations process and do not have an authorization of appropriations. Under the bill, budgetary levels are spending allocations provided to the congressional appropriations committees by a congressional budget resolution or a deeming resolution. The allocations are provided under the Congressional Budget Act of 1974 and are often referred to as 302(a) allocations. The bill applies to programs included in the Congressional Budget Office's (CBO's) annual report listing programs that are funded through the appropriations process and have an authorization of appropriations that has either expired or will expire during the year. If a program is listed in the CBO report, the bill requires specified reductions to be implemented over a three-year period and terminates the unauthorized programs at the end of the third unauthorized year.

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
Senate
House
Pres
IntroducedCurrentJan 3, 2025

Read twice and referred to the Committee on Environment and Public Works.

Sponsors
See all 3 sponsors
Senate
House
President

The President

Joe Biden
46th President
Awaiting Vote
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