A bill 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.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S4421-4422)
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4422)
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line