H. R. 1476: A bill to amend the Internal Revenue Code of 1986 to clarify the application of the credit for producing fuel from a nonconventional source with respect to gas produced from a tight formation and to make such credit permanent with respect to such gas and gas produced from Devonian shale. Introduced in the House of Representatives, One Hundredth First Congress, First Session, March 16, 1989

Book · Sun Jan 01 00:00:00 EST 1989

OSTI ID:5457831

The determination of whether gas is produced from geopressured brines, Devonian shales, coal seams, or a tight formation is made from section 503 of the Natural Gas Policy Act of 1978. Permanent credit is for gas produced from a tight formation or Devonian shale only and applies to gas sold after July 1, 1987. The credit allowed for any taxable year shall not exceed the sum of the regular tax reduced by the sum of other credits allowable under other subsections of the Internal Revenue Code.

• OSTI ID: 5457831
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
29 ENERGY PLANNING
POLICY AND ECONOMY
NATURAL GAS
TAX CREDITS
AMENDMENTS
BLACK SHALES
BRINES
COAL SEAMS
DEVONIAN PERIOD
GEOPRESSURED SYSTEMS
LEGISLATION
LEGISLATIVE TEXT
NATURAL GAS DEPOSITS
NATURAL GAS POLICY ACT
PERMEABILITY
PRODUCTION
TAX LAWS
BITUMINOUS MATERIALS
CARBONACEOUS MATERIALS
CHATTANOOGA FORMATION
COAL DEPOSITS
ENERGY SOURCES
ENERGY SYSTEMS
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC AGES
GEOLOGIC DEPOSITS
GEOLOGIC FORMATIONS
LAWS
MATERIALS
MINERAL RESOURCES
NATIONAL ENERGY ACT
OIL SHALES
PALEOZOIC ERA
RESOURCES
031000* - Natural Gas- Legislation & Regulations
294003 - Energy Planning & Policy- Natural Gas
290200 - Energy Planning & Policy- Economics & Sociology
293000 - Energy Planning & Policy- Policy
Legislation
& Regulation