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

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.

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Legislative Actions

1995-01-19
Introduced in House
1995-01-19
Introduced in House
1995-01-19
Referred to the House Committee on Ways and Means.

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

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