H.R.3688: A bill to amend the Internal Revenue Code of 1986 to provide a tax credit for marginal oil and natural gas well production, introduced in the House of Representatives, One Hundred Fifth Congress, Second Session, April 1, 1998
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OSTI ID:354490
This bill proposes a new section to be added to the Internal Revenue Code of 1986. The credit proposed is $3 per barrel of qualified crude oil production and 50 cents per 1,000 cubic feet of qualified natural gas production. In this case qualified production means domestic crude oil or natural gas which is produced from a marginal well. Marginal production is defined within the Internal Revenue Code Section 613A(c)(6).
- OSTI ID:
- 354490
- Resource Relation:
- Other Information: PBD: 1998
- Country of Publication:
- United States
- Language:
- English
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OSTI ID:354490