U. S. energy legislation approved in Senate

Journal Article · Mon Aug 10 04:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:7041395

This paper reports that the next stop for U.S. omnibus energy legislation is a House-Senate conference committee. The Senate, after overcoming a series of last minute delays, passed a combined energy policy and energy tax bill 93-3 and named 33 senators to serve on the conference committee. The committee will begin merging the House and Senate bills when the House appoints its members. The biggest fight on the Senate floor was over a provision in the bill to grant independent producers relief from the alternative minimum tax (AMT). The Senate voted 63-32 to preserve the provision, which eliminates the AMT tax preference for intangible drilling costs and percentage depletion.

• OSTI ID: 7041395
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:32; ISSN 0030-1388; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294001 -- Energy Planning & Policy-- Coal
294002* -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
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