A bill to amend the Internal Revenue Code of 1986 to extend for 10 years the credit for producing fuel from a nonconventional source.

Summary

Amends the Internal Revenue Code to extend the income tax credit for producing fuel from a nonconventional source to qualified fuels: (1) from wells or facilities in service before January 1, 2001; and (2) sold before January 1, 2011. (The change represents a ten-year extension of the credit.) Affirms natural gas found in tight sands formations as a qualified fuel with respect to the credit.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 2 February 1989

  Open at official source

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