H. R. 5593: A Bill to maintain the viability of the domestic oil industry by enhancing capital investment and ensuring future oil and gas exploration, and for other purposes. Introduced in the House of Representatives, One Hundredth First Congress, Second Session, September 12, 1990
This bill would maintain the viability of the domestic oil industry by enhancing capital investment and ensuring future oil and gas exploration by amending certain sections of the Internal Revenue Code of 1986. The bill describes the following provisions under the title, Percentage depletion and intangible drilling costs: increase in percentage depletion; percentage depletion permitted after transfer of proven property; percentage depletion allowed for stripper well production of integrated producers; net income limitation not to apply to oil or gas wells; and definitions of intangible drilling costs. Under Title II, Domestic energy improvement tax credits, the following tax credits are described: marginal production; exploring for oil or gas; vehicles fueled by clean-burning fuels, property converting vehicles to be so fueled, and facilities for the retail delivery of such fuels; conversion to natural gas equipment; clean fuel alternatives research; and tertiary recovery methods research.
- OSTI ID:
- 5918224
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
03 NATURAL GAS
29 ENERGY PLANNING
POLICY AND ECONOMY
NATURAL GAS INDUSTRY
FINANCIAL INCENTIVES
PETROLEUM INDUSTRY
AMENDMENTS
COST
EXPLORATION
FUEL SUBSTITUTION
FUELS
INVESTMENT
LEGISLATIVE TEXT
NATURAL GAS
NATURAL GAS DEPOSITS
NATURAL GAS WELLS
OIL WELLS
PETROLEUM DEPOSITS
PRODUCTION
RESEARCH PROGRAMS
RESOURCE DEPLETION
TAX CREDITS
TAX LAWS
VEHICLES
WELL DRILLING
DRILLING
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
INDUSTRY
LAWS
MINERAL RESOURCES
RESOURCES
WELLS
021000* - Petroleum- Legislation & Regulations
031000 - Natural Gas- Legislation & Regulations
294002 - Energy Planning & Policy- Petroleum
294003 - Energy Planning & Policy- Natural Gas
290200 - Energy Planning & Policy- Economics & Sociology
293000 - Energy Planning & Policy- Policy
Legislation
& Regulation