S. 696 · 108th Congress
A bill to amend the Internal Revenue Code of 1986 to allow a tax credit for marginal domestic oil and natural gas well production and an election to expense geological and geophysical expenditures and delay rental payments.
- Stage
- In committee
- Sponsor
- Kay Hutchison
- Introduced
- 2003-03-24
- Latest action
- 2003-03-24 · Introduced in Senate
Subjects
Energy prices
Taxation
Energy
Commerce
Public Lands and Natural Resources
Economics and Public Finance
Income tax
Tax deductions
Indexing (Economic policy)
Gas industry
Petroleum industry
Tax credits
Geology
Corporation taxes
Depreciation and amortization
Minimum tax
Rent
Geophysical prediction
Oil well drilling
Prospecting