H.R. 503 · 108th Congress
To amend the Internal Revenue Code of 1986 to allow a credit for the production of oil and gas from domestic…
Full title
To amend the Internal Revenue Code of 1986 to allow a credit for the production of oil and gas from domestic marginal wells and to extend the credit for alternative fuels.
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
ThornberrySponsor14 cosponsors · 5 D, 9 R
R
Combest
BC
R
Cubin
LS
R
Smith
CSD
Stenholm
JS
R
Sullivan
JT
D
Turner
BC
D
Carson
RH
D
Hall
PS
R
Sessions
SP
R
Pearce
MB
R
Burgess
RL
R
Lewis
TU
D
Udall7 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Internal Revenue Code to establish a credit for producing oil and gas from marginal wells. Extends, by five years, the credit for producing fuel from a nonconventional source.
What it does: CRS summary · Introduced in House · Jan 29, 2003
Extends, by five years, the credit for producing fuel from a nonconventional source.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to allow a credit for the production of oil and gas from domestic marginal wells and to extend the credit for alternative fuels.
Latest action (Jan 29, 2003): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Jan 29, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.