H.R.576: To amend the Internal Revenue Code of 1986 to allow a tax credit for fuels produced from offshore deep-water projects.

About This Bill

  • This bill was introduced in the 104th Congress
  • This bill is primarily about taxation
  • Introduced Jan. 19, 1995
  • Latest Major Action Jan. 19, 1995

Bill Cosponsors

3 (1 Democrat, 2 Republicans)

Bill Summary

Amends the Internal Revenue Code to allow a general business credit for fuels produced from offshore deep-water projects. Allows such credit to offset the minimum tax, with limitations.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Jan. 19, 1995

Introduced in the House by James A. Hayes (R-La.)

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