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H.R.586

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Energy Fairness for America Act

To restore fairness in the provision of incentives for oil and gas production, and for other purposes.

Other Bill Titles (2 more)

1/19/2007--Introduced.
Energy Fairness for America Act - Amends the Internal Revenue Code to terminate:
(1) the tax deduction for oil and gas intangible drilling and development costs;
(2) the percentage depletion allowance for oil and gas wells; and
the tax credit for enhanced oil recovery costs. Repeals provisions of the Energy Policy Act of 2005 relating to:
(1) oil and gas royalties in-kind;
(2) marginal property production incentives;
(3) incentives for natural gas production in the Gulf of Mexico;
(4) royalty suspension for deep water production;
(5) the inventory of Outer Continental Shelf oil and natural gas resources;
(6) Alaska offshore royalty suspension;
(7) accelerated depreciation of electric transmission property, natural gas distribution lines, and natural gas gathering lines and expensing of liquid fuel refinery property;
(8) the exemption of small oil refiners from limitations on the oil depletion allowance; and
(9) two-year amortization of geological and geophysical expenditures. Requires certain large integrated oil companies to revalue their LIFO inventories of crude oil, natural gas, or other petroleum productions using a specified formula. Limits or denies the foreign tax credit and tax deferrals for dual capacity taxpayers (taxpayers receiving economic and tax benefits from certain foreign jurisdictions), foreign oil and gas income, and foreign oil and gas extraction income.

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IntroducedresultVoted on by HouseresultVoted on by SenateresultConsidered By PresidentresultBill Becomes Law
January 19, 2007
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June 06, 2008 Office Cleaning

Office Cleeaning OFFICE CLEANING Troy, days. Mt. Clemens, St Clair Shores, eves. Drug screen, background check. $7-8/hr. 586-771-7303 ...

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September 22, 2007 [Contra Costa Times] - The Bonds File

03:03:08 AM PDT Home runs 762 Runs batted in 1996 Batting average .298 With Giants HR 586 RBI 1440 BA .312 Career record book Home runs 762 Walks 2558 Consecutive 3 ...

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September 22, 2007 [Contra Costa Times] - The Bonds File

03:03:08 AM PDT Home runs 762 Runs batted in 1996 Batting average .298 With Giants HR 586 RBI 1440 BA .312 Career record book Home runs 762 Walks 2558 Consecutive 3 ...

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Source: SportSpyder.com - San Francisco Giants...


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