A bill to amend the Internal Revenue Code of 1954 to provide that intangible drilling and development costs will not be treated as an item of tax preference for purposes of the minimum tax.

referredUnited States· United States Congress· EN

Introduced

27 April 1981

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to repeal provisions listing intangible drilling costs made in connection with oil, gas, and geothermal resources development as a tax preference item for purposes of the minimum tax.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Introduced in House
summary · EN · 27 April 1981
Open at official source

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/97th-congress/house-bill/3249
Open data entity: https://api.congress.gov/v3/bill/97/hr/3249