A bill to deny the deduction of intangible drilling and development costs in the case of oil and gas wells located in countries restricting exports of oil and gas to the United States.

referredUnited States· United States Congress· EN

Introduced

3 December 1973

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Denies, under the Internal Revenue Code, the tax deduction of intangible drilling and development costs in the case of oil and gas wells located in countries restricting exports of oil and gas to the United States. (Amends 26 U.S.C. 263)

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Documents

1 official file

Introduced in Senate
summary · EN · 3 December 1973
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/senate-bill/2762
Open data entity: https://api.congress.gov/v3/bill/93/s/2762