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Title: 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.
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Government Printing Office,Washington, DC
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United States
02 PETROLEUM; 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