A bill to amend the Internal Revenue Code of 1986 to extend for 2 years the application of credits for qualified nonconventional fuels, to equalize the treatment of tight formation natural gas, and to restore tax credits denied by operation of decisions by the Federal Energy Regulatory Commission.
Nonconventional Fuels Production Incentives Act of 1990 - Amends the Internal Revenue Code to extend for two years the credit for producing fuel from a nonconventional source.
Provides for the treatment of gas produced from a tight formation in the same manner as other types of nonconventional fuel.
Introduced in Senate
Read twice and referred to the Committee on Finance.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line