S. 5458
Eases rules and taxes for oil and gas producers
Lowers costs for companies that pull oil and natural gas out of the ground in the U.S., with temporary tax and royalty breaks when supplies are tight and faster permits for new production.
- Gives temporary royalty and tax relief when fuel supplies are tight
- Speeds up permits so companies can produce more oil and gas
- Encourages states to cut their own taxes on oil and gas pulled from the ground
- Aims to lower the cost of producing oil and gas inside the U.S
In committee