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U.S. Department of Energy
Office of Scientific and Technical Information

S. 2779: a bill to amend the Internal Revenue Code of 1954 to impose a fee on the importation of crude oil and refined petroleum products to protect the national and energy security interests of the United States. Introduced in the Senate of the United States, Ninety-Ninth Congress, Second Session, August 15, 1986

Book ·
OSTI ID:6968333
The Energy Security Act of 1986 amends the Internal Revenue Code of 1954 to impose a fee on petroleum and petroleum product imports. The purpose is to protect the US national and energy security interests. The general tax rate shall be $4 per barrel, with a formula for reduction when the price is $18 or more. Exemptions include petroleum intended for export.
OSTI ID:
6968333
Country of Publication:
United States
Language:
English