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Searching...- Bills
- H.R.2315
H.R.2315: Termination of Energy and Natural Resource Tax Subsidies Act of 1995
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced Sept. 12, 1995
- Latest Major Action Sept. 12, 1995
Bill Sponsor
Bill Summary
Termination of Energy and Natural Resource Tax Subsidies Act of 1995 - Amends the Internal Revenue Code to repeal the expensing of intangible drilling and development costs and of mining exploration and development costs. Repeals limitations on percentage depletion in the case of oil and gas wells. Repeals the exception from passive loss rules for working interest in oil and gas property. Terminates the credit for any qualified fuels produced...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| Sept. 12, 1995 |
Introduced in the House by Pete Stark (D-Calif.) |