This bill aims to change the rules so that oil from sticky rocks called tar sands is considered the same as regular oil when it comes to certain taxes. This helps ensure that companies pay a fair amount in taxes, just like they do for oil that comes straight from the ground.

S. 1026 is a rule that wants to make sure gooey stuff called tar sands is treated like regular oil in a special tax rule, so people who use it will pay the same taxes as those who use normal oil. It also lets a big boss decide if other types of oil should be taxed if they're bad for the environment.