Coal Production Tax Incentive Act of 1988

Summary

Coal Production Tax Incentive Act of 1988 - Amends the Internal Revenue Code to: (1) increase from eight percent to ten percent the percentage depletion allowance for coal; (2) include 50 percent rather than 100 percent of the coal percentage depletion allowance as a tax preference item for alternative minimum tax purposes; (3) permit expensing of coal exploration and development costs; and (4) allow reclamation fees paid by coal operators to be credited against environmental tax liability.

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Timeline

1. 14 September 1988

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 14 September 1988

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 14 September 1988

  Open at official source

Sponsors

• Sen. Heinz, John [R-PA] · R · Sponsor
• Sen. Rockefeller, John D., IV [D-WV] · D · Sponsor
• Sen. Wallop, Malcolm [R-WY] · R · Sponsor
• · ssfi00 · Standing

Related records

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