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United States · Bill · S

S. 1042 (106th)

Domestic Energy Production Security and Stabilization Act

openUnited States· United States Congress· EN

Introduced

13 May 1999

Last action

8 March 2000 · Introduced

Status

Sponsor introductory remarks on measure. (CR S1274-1275)

Sponsors

Sen. Hutchison, Kay Bailey [R-TX], Sen. Breaux, John B. [D-LA], Sen. Domenici, Pete V. [R-NM], Sen. Bingaman, Jeff [D-NM], Sen. Lott, Trent [R-MS], Sen. Landrieu, Mary L. [D-LA], Sen. Cochran, Thad [R-MS], Sen. Thomas, Craig [R-WY], Sen. Brownback, Sam [R-KS], Sen. Gramm, Phil [R-TX], Sen. Allard, Wayne [R-CO]

Subjects

Energy, Taxation

Source updated

20 August 2025

Energy · Taxation

Summary

Domestic Energy Production Security and Stabilization Act - Amends the Internal Revenue Code to set forth provisions relating to domestic oil and gas production which, among other things: (1) establish a credit for producing oil and gas from marginal wells; (2) make the depreciation adjustment inapplicable to oil and gas assets; and (3) permit a taxpayer to expense geological and geophysical expenditures and to delay rental payments in connection with oil and gas development.

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

Timeline

  1. 13 May 1999

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 13 May 1999

    Introduced

    Sponsor introductory remarks on measure. (CR S5280)

    Source: IntroReferral

  3. 13 May 1999

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 8 March 2000

    Introduced

    Sponsor introductory remarks on measure. (CR S1274-1275)

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 13 May 1999

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 13 May 1999

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 13 May 1999

    Open at official source

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Sponsors

Related records

Sources

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