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- H.R.805
H.R.805: Independent Energy Production Act of 2001
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced Feb. 28, 2001
- Latest Major Action Feb. 28, 2001
Bill Sponsor
Bill Cosponsors
18 (6 Democrats, 13 Republicans)
Bill Summary
Independent Energy Production Act of 2001 - Marginal Well Preservation Act of 2001 - Amends the Internal Revenue Code to set forth provisions relating to domestic oil and gas production which: (1) establish a credit for producing oil and gas from marginal wells; and (2) permit a taxpayer to expense geological and geophysical expenditures and to delay rental payments in connection with oil and gas development.Permits a five-year net operating...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Feb. 28, 2001 |
Introduced in the House by William M. Thornberry (R-Texas) |