S. 2217: a bill to provide fair incentives for the domestic production of oil and gas. Introduced in the Senate of the United States, Ninety-Ninth Congress, Second Session, March 20, 1986
The Oil and Gas Deregulation and Incentive Act of 1986 (S. 2217) seeks to counteract the decline in oil and gas exploration and production and its economic impact on the industry as well as the country by retaining tax incentives in the current tax reform effort. Title II addresses banks and bank holding companies experiencing economic difficulties because of the current depression in the petroleum industry. Title III repeals the Windfall Profit Tax and amends the assessment period for tax purposes. Title IV deregulates the natural gas and repeals sections of the Powerplant and Industrial Fuel Use Act of 1978 to provide further incentives and remove regulatory barriers. The final Title addresses the plugging of stripper wells and the leasing of mineral lands.
- OSTI ID:
- 5399936
- Country of Publication:
- United States
- Language:
- English
Similar Records
H. R. 4476: a bill that may be cited as the Emergency Energy Act of 1986. Introduced in the House of Representatives, Ninety-Ninth Congress, Second Session, March 21, 1986
H. R. 4564: a bill to amend the Internal Revenue Code of 1954 to provide a deduction and special net operating loss rules with respect to certain losses on domestic crude oil, to increase tariffs on petroleum and petroleum products, to require the Strategic Petroleum Reserve to be filled with stripper well oil, and to eliminate certain restrictions on the sale of natural gas and on the use of natural gas and oil. Introduced in the House of Representatives, Ninety-Ninth Congress, Second Session, April 10, 1986
Related Subjects
03 NATURAL GAS
29 ENERGY PLANNING
POLICY AND ECONOMY
ENERGY SOURCE DEVELOPMENT
FINANCIAL INCENTIVES
LEGAL INCENTIVES
NATURAL GAS INDUSTRY
ECONOMIC POLICY
PETROLEUM INDUSTRY
DEREGULATION
LEGISLATION
LENDING INSTITUTIONS
POWER PLANT AND INDUSTRIAL FUEL USE ACT
TAXES
WINDFALL PROFITS TAX
GOVERNMENT POLICIES
INDUSTRY
LAWS
NATIONAL ENERGY ACT
020700* - Petroleum- Economics
Industrial
& Business Aspects
030600 - Natural Gas- Economic
Industrial
& Business Aspects
294002 - Energy Planning & Policy- Petroleum
294003 - Energy Planning & Policy- Natural Gas
293000 - Energy Planning & Policy- Policy
Legislation
& Regulation