A bill to amend the Internal Revenue Code of 1954 to allow for certain deductions related to enhanced oil recovery.
Enhanced Oil Recovery Tax Act - Amends the Internal Revenue Code to allow a deduction from gross income for all expenses paid or incurred for the tertiary or enhanced oil recovery production of domestic crude oil.
Introduced in Senate
Referred to Senate 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