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SCR 131

Memorializes President and United States Congress to enact legislation that would eliminate preferential federal tax treatment for oil and natural gas companies.

2026-2027 Regular Session Introduced by Shirley Turner

SCR 131 urges federal action to eliminate preferential federal tax treatment for oil and natural gas companies.

Introduced in the Senate, Referred to Senate Environment and Energy Committee
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Bill Summary · SCR 131

Summary of SCR 131 (New Jersey, Session 222)

What the bill is

  • Type: Concurrent resolution (SCR) introduced in the New Jersey Senate.
  • Session: 222
  • Subject: Memorializes the President of the United States and the United States Congress to enact legislation that would eliminate preferential federal tax treatment for oil and natural gas companies.
  • Introduced: May 4, 2026
  • Status: Referred to the Senate Environment and Energy Committee on introduction.
  • Sponsors: Co-sponsor — Senator Shirley Turner.

Purpose and intent

  • The primary aim of SCR 131 is to urge or pressure federal lawmakers to enact changes at the federal level, specifically to eliminate preferential federal tax treatment for oil and natural gas companies.
  • As a memorializing resolution, it expresses the sense of the New Jersey Legislature regarding federal tax policy and encourages action by the President and Congress, rather than creating direct state-law requirements or obligations on individuals or entities within New Jersey.

Key provisions and changes (highlights)

  • A statement of position: The resolution articulates that the Legislature believes oil and natural gas companies currently receive favorable federal tax treatment that should be removed.
  • Call for federal action: It requests the President and the United States Congress to pass legislation to eliminate these preferential tax provisions.
  • Non-binding nature: As a memorialized resolution, SCR 131 does not impose new obligations or create enforceable state law. It serves to publicly express the Legislature’s stance and policy preference and to advocate for federal action.

Who/what is affected

  • Indirect impact: The resolution itself does not change state law or taxes. The potential impact would occur if federal legislation were enacted to eliminate preferential tax treatment for oil and natural gas companies, which could affect corporate tax rates, deductions, credits, or other tax provisions at the federal level.
  • Stakeholders referenced: Oil and natural gas companies; federal policymakers (the President and Congress); and, by extension, taxpayers who could be affected by any changes in federal tax policy.

Procedural and timeline aspects

  • Committee referral: Referred to the Senate Environment and Energy Committee, where it may be reviewed, discussed, and possibly advanced or amended.
  • Next steps: If deemed appropriate by the committee, it could move to a floor vote in the Senate (and potentially to the Assembly if a companion measure exists in the lower house) depending on the chamber’s rules and the Legislature’s schedule.
  • Effective date: As a memorializing resolution, it typically takes effect upon adoption by the Legislature; it does not require signature by the Governor to have significance as a formal expression of legislative intent.

Note on scope and limit

  • SCR 131 is a ceremonial and aspirational instrument, not a policy implemented at the state level. Its impact rests on influencing federal discourse and signaling the Legislature's policy preference regarding energy taxation.

Compiled from official sources — confirm details with the bill’s official record.

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