A bill to amend the Internal Revenue Code of 1986 to clarify the rules concerning the unconventional fuels credit with respect to gas produced from a tight formation, and to restore the application of such credit to the alternative minimum tax.

referredUnited States· United States Congress· EN

Introduced

8 February 1989

Last action

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Status

Read twice and referred to the Committee on Finance.

Summary

Amends the Internal Revenue Code to apply the income tax credit for producing fuel from a nonconventional source to natural gas found in tight sands formations. Applies the nonconventional fuels tax credit to alternative minimum tax calculations.

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Documents

2 official files

Introduced in Senate (text)
Introduced in Senate · EN
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Introduced in Senate
summary · EN · 8 February 1989
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Sources

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Official source: https://www.congress.gov/bill/101st-congress/senate-bill/383
Open data entity: https://api.congress.gov/v3/bill/101/s/383