Tax Policy Center

Fiscal Facts

January 17, 2022
The federal Oil Spill Liability Trust Fund is funded by an excise tax of $0.09 per barrel of crude oil. In 2020, the trust fund collected $412 million in revenue.
Fact: 
The federal Oil Spill Liability Trust Fund is funded by an excise tax of $0.09 per barrel of crude oil. In 2020, the trust fund collected $412 million in revenue.
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