PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 8036 (96th)

A bill to enhance tertiary oil recovery by amending the Internal Revenue Code relating to pre-paid expenses in a tertiary oil project.

referredUnited States· United States Congress· EN

Introduced

27 August 1980

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

7 February 2024

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to treat as front-end oil exempt from the crude oil windfall profits tax any domestic crude oil which is a production payment (in payment of allowed expenses) carved out for exploration or development of a qualified mineral property which is the subject of a tertiary project of an independent producer. Includes prepaid expenses attributable to periods after September 30, 1981, among allowed expenses.

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

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.

Sources

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