To amend the Internal Revenue Code of 1986 to extend the credit for fuel produced from a noncovential source and to restore such credit for certain gas produced from a tight formation.
Nonconventional Fuels Credit Extension and Modification Act of 1990 - Amends the Internal Revenue Code to extend the credit for producing fuel from a nonconventional source to wells or facilities in service before January 1, 1993 (currently, January 1, 1991) and sold before January 1, 2001. Redefines gas produced from a tight formation to include only gas: (1) which is committed or dedicated on April 20, 1977, to interstate commerce; or (2) which is produced from a well drilled after the date of enactment of this Act.
Measure Signed in Senate.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
See H.R.5835.
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