S. 2096: Canadian Free Trade Agreement Incentive Equalization Act. Introduced in the Senate of the United States. One Hundredth Congress, Second Session, February 25, 1988
Book
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OSTI ID:5458566
It is the purpose of S. 2096 to conform the intent of the US-Canada Free Trade Agreement with the realities of the oil and natural gas market place in North America; and to provide parity between tax burdens and exploration and development incentives provided by the US and similar burdens and benefits conferred by Canada. The sections describe provisions for repealing the Windfall Profits Tax, improving tax treatment of geological, geophysical, and surface casing costs, eliminating net income limitation rule, reforming percentage depletion, repealing transfer rule, crediting marginal production, crediting crude oil and natural gas exploration and development, removing intangible drilling costs from the alternative minimum tax, establishing a procedure to implement a plan to decrease imports whenever foreign oil dependence exceeds 50%, and repealing the taxable income test for percentage depletion.
- OSTI ID:
- 5458566
- Country of Publication:
- United States
- Language:
- English
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OSTI ID:5919430
S. 447: A Bill to provide the incentives to encourage production of oil and gas within the United States, and for other purposes. Introduced in the Senate of the United States, One Hundred Fourth Congress, First session
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OSTI ID:625712
Related Subjects
02 PETROLEUM
021000* -- Petroleum-- Legislation & Regulations
03 NATURAL GAS
031000 -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
AGREEMENTS
CANADA
COST
DEPLETION ALLOWANCES
DRILLING
ENERGY SOURCES
EXPLORATION
FINANCIAL INCENTIVES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INCOME
INTERNATIONAL AGREEMENTS
LAWS
LEGISLATIVE TEXT
MARKET
NATURAL GAS
NORTH AMERICA
PETROLEUM
RESOURCE DEVELOPMENT
ROYALTIES
TAX CREDITS
TAX LAWS
TAXES
TRADE
USA
WELL DRILLING
WINDFALL PROFITS TAX
021000* -- Petroleum-- Legislation & Regulations
03 NATURAL GAS
031000 -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
AGREEMENTS
CANADA
COST
DEPLETION ALLOWANCES
DRILLING
ENERGY SOURCES
EXPLORATION
FINANCIAL INCENTIVES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INCOME
INTERNATIONAL AGREEMENTS
LAWS
LEGISLATIVE TEXT
MARKET
NATURAL GAS
NORTH AMERICA
PETROLEUM
RESOURCE DEVELOPMENT
ROYALTIES
TAX CREDITS
TAX LAWS
TAXES
TRADE
USA
WELL DRILLING
WINDFALL PROFITS TAX