Some oil and gas companies could count drilling cost deductions when figuring a special corporate minimum tax. The change could lower the tax base for affected companies starting after 2025.
Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
Promoting Domestic Energy Production Act is a Senate bill in committee. The latest recorded action: Read twice and referred to the Committee on Finance.
Latest action on S. 224: Read twice and referred to the Committee on Finance.
Who this affects: This bill mainly affects oil, gas, and other drilling companies that claim intangible drilling and development cost deductions. It matters most for large companies that may owe the corporate minimum tax based on financial statement income. Tax planners, accountants, and investors in drilling projects would also need to account for the new rules after 2025.
Why this matters: The bill could change how much some drilling companies pay in federal tax. It changes the income number used for a corporate minimum tax, which can matter when regular tax rules and financial accounting rules treat costs differently. The bill may make drilling projects more attractive by lowering or steadying tax costs for some companies. It could also reduce federal revenue, but the bill does not say by how much.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
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Officially: Promoting Domestic Energy Production Act
Some oil and gas companies could count drilling cost deductions when figuring a special corporate minimum tax. The change could lower the tax base for affected companies starting after 2025.
Use this page to support, oppose, or ask Congress to amend S224. Modern Action explains Promoting Domestic Energy Production Act in plain English, helps identify the right senators or representative, and drafts a bill-specific message you can edit and send.
Where it stands
Sitting in Finance
No vote scheduled. Constituent contact is what moves bills out of committee.
↓ Why your message matters here
This bill is sitting in committee with no scheduled vote — which means a small number of constituent messages can decide whether it moves forward or quietly dies.
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Where this bill is in the process
Introduced
Introduced in Senate
Senate Committee
Under Senate committee consideration
Latest: Read twice and referred to the Committee on Finance. (1/23/2025)
Senate Floor Vote
Voted on by Senate
Passed Senate
Approved by Senate
House Review
Sent to House for consideration
Passed Both Chambers
Approved by both House and Senate
Signed into Law
Signed by the President
For more detail
Choose one clear position: support, oppose, or amend. Then pick any reasons or personal context you want included. Modern Action uses that input and the bill context to draft a message you can edit and send.
Congressional offices prioritize messages from their own constituents. Modern Action uses your address to route the drafted message to your senators when that is the most relevant target for this bill.
The draft includes the bill number, your position, the reasons you selected, any personal context you added, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes. You stay in control because you can edit the message before sending.
This page gives you an opportunity to support, oppose, or ask for changes to Promoting Domestic Energy Production Act, then contact the elected officials who can act. Modern Action drafts the message from your position and the reasons you select.
Modern Action keeps the action tied to the bill itself: what it would do, where it is in the process (committee), which office can still act, and what ask belongs in the message.
You are not starting from a blank form. Modern Action drafts the message around S224, your stance, and the reasons you choose, then lets you edit and send when ready.
