A bill to amend the Internal Revenue Code of 1986 to treat geological, geophysical, and surface casing costs like intangible drilling and development costs, and for other purposes.

Summary

Amends the Internal Revenue Code to provide that in the case of oil and gas wells, the tax treatment which applies to intangible drilling and development costs shall also apply to surface casing costs and to geological and geophysical costs for the purpose of ascertaining the existence, location, extent, or quality of any deposit of oil or gas within the United States or a possession of the United States.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 4 November 1993

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 November 1993

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• Introduced in Senate

  summary · EN · 4 November 1993

  Open at official source

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