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United States · Bill · HR

H.R. 6287 (95th)

A bill to provide a tax credit for expenditures made in the exploration and development of new reserves of oil and gas in the United States.

referredUnited States· United States Congress· EN

Introduced

19 April 1977

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Amends the Internal Revenue Code to allow an income tax credit for one-eighth of the expenses paid or incurred for the exploration and development of new oil and gas reserves in the United States.

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Documents

1 official file

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Sources

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