S. 2095 — A bill to amend the Internal Revenue Code of 1954 to provide an investment credit for oil and gas drilling expenditures.

Summary

Amends the Internal Revenue Code to provide an investment tax credit for oil and gas drilling expenditures and a supplementary credit for productive exploratory oil and gas wells.

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Legislative Actions

1977-09-14
Introduced in Senate
1977-09-14
Referred to Senate Committee on Finance.

A bill to amend the Internal Revenue Code of 1954 to provide an investment credit for oil and gas drilling expenditures.

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Summary

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