Domestic Energy Production Security and Stabilization Act

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.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 13 May 1999

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 13 May 1999

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• Introduced in Senate

  summary · EN · 13 May 1999

  Open at official source

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