To amend the Internal Revenue Code of 1986 to treat geological, geophysical, and surface casing costs like intangible drilling and development costs, and for other purposes.

Summary

Amends the Internal Revenue Code to provide that in the case of oil and gas wells, the tax treatment which applies to intangible drilling and development costs shall also apply to surface casing costs and to geological and geophysical costs for the purpose of ascertaining the existence, location, extent, or quality of any deposit of oil or gas within the United States or a possession of the United States.

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

Timeline

1. 19 January 1995

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 19 January 1995

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 January 1995

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 19 January 1995 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 19 January 1995

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 19 January 1995

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 19 January 1995

  Open at official source

Sponsors

• Rep. Hayes, James A. [D-LA-7] · D · Sponsor
• Rep. Dickey, Jay [R-AR-4] · R · Cosponsor
• Rep. McCrery, Jim [R-LA-4] · R · Cosponsor
• Rep. Tauzin, W. J. (Billy) [D-LA-3] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1986 to treat geological, geophysical, and surface casing costs like intangible drilling and development costs, and for other purposes.