To amend the Internal Revenue Code of 1986 to provide that the credit for producing fuel from a nonconventional source shall apply to gas produced onshore from a formation more than 15,000 feet deep.
Natural Gas Production Act of 2005 - Amends the Internal Revenue Code to qualify an onshore well from a formation more than 15,000 feet deep for the tax credit for producing fuel from a nonconventional source.
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4422)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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