To amend the Internal Revenue Code of 1986 to define tar sands for purposes of the credit for producing fuels from nonconventional sources and to repeal the minimum tax preference for intangible drilling costs.

Summary

Amends the Internal Revenue Code to apply the credit for producing fuel from a nonconventional source to qualified fuels produced from certain tar sands. Makes such credit applicable to wells drilled, and mines and quarries first opened, after January 4, 1995, and before January 1, 2000, and which are sold before January 1, 2006. Repeals the tax preferences for intangible drilling costs.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 January 1995

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• Introduced in House (PDF)

  Introduced in House · EN · 4 January 1995

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• Introduced in House

  summary · EN · 4 January 1995

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