To amend the Internal Revenue Code of 1986 to provide credit for producing fuel from nonconventional sources.

Summary

Amends the Internal Revenue Code to extend the income tax credit for producing fuel from a nonconventional source to qualified fuels: (1) from wells or facilities in service before January 1, 1993; and (2) sold before January 1, 1993. (The change represents a two-year extension of the credit.) Affirms natural gas found in tight sands formations as a qualified fuel with respect to the credit.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 August 1990

  Open at official source

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