United States · Bill · S
S. 1295 (93rd)
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.
Introduced
19 March 1973
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Provides a tax credit under the Internal Revenue Code of up to 12 1/2 percent of the expenditures made in the exploration and development of new reserves of oil and gas in the United States. Sets forth the time limitations on the use of such credit.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 19 March 1973
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/93rd-congress/senate-bill/1295
- Open data entity: https://api.congress.gov/v3/bill/93/s/1295