United States · Bill · S
S. 1042 (106th)
Domestic Energy Production Security and Stabilization Act
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
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
13 May 1999
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
13 May 1999
Introduced
Sponsor introductory remarks on measure. (CR S5280)
Source: IntroReferral
13 May 1999
Introduced
Introduced in Senate
Source: IntroReferral
8 March 2000
Introduced
Sponsor introductory remarks on measure. (CR S1274-1275)
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 13 May 1999 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 13 May 1999
Introduced in Senate (PDF)
Introduced in Senate · EN · 13 May 1999
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Introduced in Senate
summary · EN · 13 May 1999
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Hutchison, Kay Bailey [R-TX] · R · Sponsor
- Sen. Breaux, John B. [D-LA] · D · Sponsor
- Sen. Domenici, Pete V. [R-NM] · R · Sponsor
- Sen. Bingaman, Jeff [D-NM] · D · Sponsor
- Sen. Lott, Trent [R-MS] · R · Sponsor
- Sen. Landrieu, Mary L. [D-LA] · D · Sponsor
- Sen. Cochran, Thad [R-MS] · R · Sponsor
- Sen. Thomas, Craig [R-WY] · R · Sponsor
- Sen. Brownback, Sam [R-KS] · R · Sponsor
- Sen. Gramm, Phil [R-TX] · R · Sponsor
- Sen. Allard, Wayne [R-CO] · R · Cosponsor
- · ssfi00 · Standing
Related records
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/106th-congress/senate-bill/1042
- Open data entity: https://api.congress.gov/v3/bill/106/s/1042
- us · 106-s-1042 · source updated 20 August 2025