119th Congress · introduced in the House · Jan 23, 2025
Promoting Domestic Energy Production Act
Official title from Congress.gov
Latest action (Jan 23, 2025): Referred to the House Committee on Ways and Means.
View on Congress.govPolicy area: Taxation
Congressional Research Service summary, version: Introduced in House (Jan 23, 2025)
Promoting Domestic Energy Production Act
This bill allows corporations to reduce their adjusted financial statement income to account for certain intangible costs related to oil, gas, or geothermal well drilling and development for purposes of calculating the corporate alternative minimum tax.
Under current law, a 15% corporate alternative minimum tax is imposed on a corporation with adjusted financial statement income exceeding an average of $1 billion for a consecutive three-year period (or an average of $100 million for a U.S. corporation that is part of a foreign parent multinational group if the adjusted financial statement income of such group exceeds an average of $1 billion for a consecutive three-year period). Adjusted financial statement income generally is the net income or loss reported on the corporation’s applicable financial statement for a tax year, with adjustments for specific items.
This bill expands the reductions that may be made to a corporation’s adjusted financial statement income to include (1) intangible drilling and development costs incurred by an operator of a domestic oil, gas, or geothermal well that are allowed as a deduction in the current tax year when computing regular taxable income; and (2) any depletion expenses related to the intangible oil, gas, or geothermal well drilling and development costs.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Actions from Congress.gov, newest first.
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 23, 2026.
27 citations; showing the 25 most recently posted.
INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA · lobbying firm or registrant: INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Taxation/Internal Revenue Code
$120,000
Spent on own lobbying
…forth the appropriate budgetary levels for fiscal years 2026 through 2034. HR 383 - End Oil and Gas Tax Subsidies Act of 2025 HR 1 - One Big Beautiful Bill Act HR 662 - Promoting Domestic Energy Production Act HR 1003 - Enhancing Energy Recovery Act S 224 - Promoting Domestic Energy Production Act S 425 - Enhancing Energy Re…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA · lobbying firm or registrant: INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 18, 2026 · issue area: Taxation/Internal Revenue Code
$250,000
Spent on own lobbying
…forth the appropriate budgetary levels for fiscal years 2026 through 2034. HR 383 - End Oil and Gas Tax Subsidies Act of 2025 HR 1 - One Big Beautiful Bill Act HR 662 - Promoting Domestic Energy Production Act HR 1003 - Enhancing Energy Recovery Act S 224 - Promoting Domestic Energy Production Act S 425 - Enhancing Energy Re…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA · lobbying firm or registrant: INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$180,000
Spent on own lobbying
…forth the appropriate budgetary levels for fiscal years 2026 through 2034. HR 383 - End Oil and Gas Tax Subsidies Act of 2025 HR 1 - One Big Beautiful Bill Act HR 662 - Promoting Domestic Energy Production Act HR 1003 - Enhancing Energy Recovery Act S 224 - Promoting Domestic Energy Production Act S 425 - Enhancing Energy Re…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN EXPLORATION & PRODUCTION COUNCIL (AXPC) · lobbying firm or registrant: HARBINGER STRATEGIES, LLC
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 21, 2026 · issue area: Taxation/Internal Revenue Code
$40,000
Paid to lobbying firm
Issues related to cost recovery provisions, including S.224/H.R. 662, Promoting Domestic Energy Production Act, and H.R. 1.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA · lobbying firm or registrant: INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$250,000
Spent on own lobbying
…forth the appropriate budgetary levels for fiscal years 2026 through 2034. HR 383 - End Oil and Gas Tax Subsidies Act of 2025 HR 1 - One Big Beautiful Bill Act HR 662 - Promoting Domestic Energy Production Act HR 1003 - Enhancing Energy Recovery Act S 224 - Promoting Domestic Energy Production Act S 425 - Enhancing Energy Re…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN EXPLORATION & PRODUCTION COUNCIL (AXPC) · lobbying firm or registrant: HARBINGER STRATEGIES, LLC
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 21, 2025 · issue area: Taxation/Internal Revenue Code
$40,000
Paid to lobbying firm
Issues related to cost recovery provisions, including S.224/H.R. 662, Promoting Domestic Energy Production Act, and H.R. 1.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN EXPLORATION & PRODUCTION COUNCIL · lobbying firm or registrant: AMERICAN EXPLORATION & PRODUCTION COUNCIL
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Taxation/Internal Revenue Code
$500,000
Spent on own lobbying
Issues relating to the implementation of H.R. 662 on intangible drilling costs. Issues relating to the implementation of S. 224 on intangible drilling costs.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA · lobbying firm or registrant: INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Taxation/Internal Revenue Code
$120,000
Spent on own lobbying
…forth the appropriate budgetary levels for fiscal years 2026 through 2034. HR 383 - End Oil and Gas Tax Subsidies Act of 2025 HR 1 - One Big Beautiful Bill Act HR 662 - Promoting Domestic Energy Production Act HR 1003 - Enhancing Energy Recovery Act S 224 - Promoting Domestic Energy Production Act S 425 - Enhancing Energy Re…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PETROLEUM INSTITUTE · lobbying firm or registrant: OGR
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Taxation/Internal Revenue Code
$80,000
Paid to lobbying firm
Discussions related to corporate taxation and energy related tax issues including 45V Hydrogen PTC; H.R.662/S.224, Promoting Domestic Energy Production Act; extension of the Tax Cuts and Jobs Act (P.L.115-97); H.R.1, One Big Beautiful Bill Act (P.L.119-21).
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
OVINTIV INC. · lobbying firm or registrant: OVINTIV INC.
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 19, 2025 · issue area: Taxation/Internal Revenue Code
$160,000
Spent on own lobbying
H.R. 662 - Promoting Domestic Energy Production Act H.R. 313 - Natural Gas Tax Repeal Act
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN EXPLORATION & PRODUCTION COUNCIL (AXPC) · lobbying firm or registrant: HARBINGER STRATEGIES, LLC
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Taxation/Internal Revenue Code
$40,000
Paid to lobbying firm
Issues related to cost recovery provisions, including S.224/H.R. 662, Promoting Domestic Energy Production Act, and H.R. 1.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PETROLEUM INSTITUTE · lobbying firm or registrant: OGR
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Taxation/Internal Revenue Code
$80,000
Paid to lobbying firm
…ns related to corporate taxation and energy related tax issues including 45V Hydrogen PTC; implementation of the Inflation Reduction Act of 2022 (P.L.117-169); H.R.662/S.224, Promoting Domestic Energy Production Act; extension of the Tax Cuts and Jobs Act (P.L.115-97); H.R.1, One Big Beautiful Bill Act.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA · lobbying firm or registrant: INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Taxation/Internal Revenue Code
$140,000
Spent on own lobbying
…forth the appropriate budgetary levels for fiscal years 2026 through 2034. HR 383 - End Oil and Gas Tax Subsidies Act of 2025 HR 1 - One Big Beautiful Bill Act HR 662 - Promoting Domestic Energy Production Act HR 1003 - Enhancing Energy Recovery Act S 224 - Promoting Domestic Energy Production Act S 425 - Enhancing Energy Re…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
OVINTIV INC. · lobbying firm or registrant: OVINTIV INC.
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Taxation/Internal Revenue Code
$220,000
Spent on own lobbying
H.R. 662 - Promoting Domestic Energy Production Act H.R. 313 - Natural Gas Tax Repeal Act
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN EXPLORATION & PRODUCTION COUNCIL · lobbying firm or registrant: AMERICAN EXPLORATION & PRODUCTION COUNCIL
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 19, 2025 · issue area: Fuel/Gas/Oil
$700,000
Spent on own lobbying
H.R.1 - One Big Beautiful Bill Act: provisions related to tax treatment of IDCs under CAMT, methane tax, IDCs, and federal lands HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to intangible drilling and development costs to be taken into account when computing adjust…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN EXPLORATION & PRODUCTION COUNCIL · lobbying firm or registrant: AMERICAN EXPLORATION & PRODUCTION COUNCIL
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 19, 2025 · issue area: Environment/Superfund
$700,000
Spent on own lobbying
H.R.1 - One Big Beautiful Bill Act: provisions related to tax treatment of IDCs under CAMT, methane tax, IDCs, and federal lands HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to intangible drilling and development costs to be taken into account when computing adjust…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN EXPLORATION & PRODUCTION COUNCIL · lobbying firm or registrant: AMERICAN EXPLORATION & PRODUCTION COUNCIL
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 19, 2025 · issue area: Taxation/Internal Revenue Code
$700,000
Spent on own lobbying
H.R.1 - One Big Beautiful Bill Act: provisions related to tax treatment of IDCs under CAMT, methane tax, IDCs, and federal lands HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to intangible drilling and development costs to be taken into account when computing adjust…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN EXPLORATION & PRODUCTION COUNCIL · lobbying firm or registrant: AMERICAN EXPLORATION & PRODUCTION COUNCIL
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 19, 2025 · issue area: Energy/Nuclear
$700,000
Spent on own lobbying
H.R.1 - One Big Beautiful Bill Act: provisions related to tax treatment of IDCs under CAMT, methane tax, IDCs, and federal lands HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to intangible drilling and development costs to be taken into account when computing adjust…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN EXPLORATION & PRODUCTION COUNCIL (AXPC) · lobbying firm or registrant: HARBINGER STRATEGIES, LLC
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 22, 2025 · issue area: Taxation/Internal Revenue Code
$30,000
Paid to lobbying firm
Issues related to cost recovery provisions; S.224/H.R. 662, Promoting Domestic Energy Production Act; S.J.Res. 12/H.J. Res. 35, to nullify EPA methane tax.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
OVINTIV INC. · lobbying firm or registrant: OVINTIV INC.
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$210,000
Spent on own lobbying
H.R. 662 - Promoting Domestic Energy Production Act H.R. 313 - Natural Gas Tax Repeal Act
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PETROLEUM INSTITUTE · lobbying firm or registrant: OGR
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$80,000
Paid to lobbying firm
Discussions related to corporate taxation including energy related tax provisions; implementation of the Inflation Reduction Act of 2022 (P.L.117-169); H.R.662/S.224, Promoting Domestic Energy Production Act. Issues related to the 45V Hydrogen PTC. Issues related to extension of the Tax Cuts and Jobs Act (P.L.115-97).
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN EXPLORATION & PRODUCTION COUNCIL · lobbying firm or registrant: AMERICAN EXPLORATION & PRODUCTION COUNCIL
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Fuel/Gas/Oil
$470,000
Spent on own lobbying
…Netting and Exemptions"; provisions related to methane tax final rule Budget reconciliation: Provisions related to methane tax, IDCs, and federal-lands reforms HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to accelerated cost-recovery of IDCs under CAMT Matters related to federal-lands reforms, i…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN EXPLORATION & PRODUCTION COUNCIL · lobbying firm or registrant: AMERICAN EXPLORATION & PRODUCTION COUNCIL
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Environment/Superfund
$470,000
Spent on own lobbying
…Netting and Exemptions"; provisions related to methane tax final rule Budget reconciliation: Provisions related to methane tax, IDCs, and federal-lands reforms HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to accelerated cost-recovery of IDCs under CAMT Matters related to federal-lands reforms, i…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN EXPLORATION & PRODUCTION COUNCIL · lobbying firm or registrant: AMERICAN EXPLORATION & PRODUCTION COUNCIL
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$470,000
Spent on own lobbying
…Netting and Exemptions"; provisions related to methane tax final rule Budget reconciliation: Provisions related to methane tax, IDCs, and federal-lands reforms HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to accelerated cost-recovery of IDCs under CAMT Matters related to federal-lands reforms, i…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN EXPLORATION & PRODUCTION COUNCIL · lobbying firm or registrant: AMERICAN EXPLORATION & PRODUCTION COUNCIL
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Energy/Nuclear
$470,000
Spent on own lobbying
…Netting and Exemptions"; provisions related to methane tax final rule Budget reconciliation: Provisions related to methane tax, IDCs, and federal-lands reforms HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to accelerated cost-recovery of IDCs under CAMT Matters related to federal-lands reforms, i…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing