,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bace  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #ac1    
#bjad,mr4 ,markey 7for himself and ,mr4 
,levin7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,finance  ,a ,,bill  ,to 
amend the ,internal ,revenue ,code of   
#aihf to clarify that products derived  
from tar sands are crude oil for        
purposes of the ,federal excise tax on  
petroleum1 and for other purposes4  #a4 
,short title ,this ,act may be cited as 
the ,tar ,sands ,tax ,loophole          
,elimination ,act4  #b4 ,clarification  
of tar sands as crude oil for excise tax
 purposes  7a7 ,in general ,paragraph   
7#a7 of section #dfab7;a7 of the        
,internal ,revenue ,code of #aihf is    
amended to read as follows3  7#a7 ,crude
 oil ,the term crude oil includes crude 
oil condensates1 natural gasoline1 any  
bitumen or bituminous mixture1 any oil  
derived from a bitumen or bituminous    
mixture 7including oil derived from tar 

sands71 and any oil derived from        
kerogen-bearing sources 7including oil  
derived from oil shale74  4  7b7        
,regulatory ,authority ,to ,address     
,other ,types of ,crude ,oil and        
,petroleum ,products ,subsection 7a7 of 
section #dfab of such ,code is amended  
by adding at the end the following new  
paragraph3  7#aj7 ,regulatory ,authority
 ,to ,address ,other ,types of ,crude   
,oil and ,petroleum ,products ,under    
such regulations as the ,secretary may  
prescribe1 after consultation with the  
,administrator of the ,environmental    
,protection ,agency1 the ,secretary may 
include as crude oil or as a petroleum  
product subject to tax under section    
#dfaa1 any fuel feedstock or finished   
fuel product customarily transported by 
pipeline1 vessel1 railcar1 or tanker    
truck if the ,secretary determines      
that-- 7,a7 the classification of such  
fuel feedstock or finished fuel product 
is consistent with the definition of oil
 under the ,oil ,pollution ,act of      

#aiij1 and  7,b7 such fuel feedstock or 
finished fuel product is produced in    
sufficient commercial quantities as to  
pose a significant risk of hazard in the
 event of a discharge4  4  7c7          
,technical amendment ,paragraph 7#b7 of 
section #dfab7;a7 of such ,code is      
amended by striking from a well located4
  7d7 ,effective date ,the amendments   
made by this section shall take effect  
on the date of the enactment of this    
,act4