Energy Fairness for America Act
A bill to restore fairness in the provision of incentives for oil and gas production, and for other purposes.
Other Bill Titles (2 more) 1/22/2007--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.
... moreSee Full Bill Text
Sponsor
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by Senate | ![]() | Voted on by House | ![]() | Considered By President | ![]() | Bill Becomes Law |
| January 22, 2007 |
In the News
We are not currently finding any news articles on this topic using our daily automated search of Google News. However, if you know of a relevant news article to display here, OpenCongress site editors have the ability to add it manually. Simply e-mail us the web address of this page and the web address of your suggested news article: We'll post relevant links as quickly as possible. Also, if this topic is important to you, you could write a letter to the editor -- if a news article refers this specific topic by name, a link to that news article is likely to appear here soon.
Blog Coverage
November 10, 2008 Rechtsanwälte Mönchengladbach » strafrecht-soforthilfe.de ...
04.03.2008 (LG Aurich), StV 7/2008, S. 341-- Ein privatärztliches Attest über an dem Opfer festgestellte Verletzungen darf nicht verlesen werden, wenn die betreffenden Feststellungen dem Nachweis eines Sexualdelikts dienen sollen. ...
Source: POHLEN + MEISTER
November 04, 2008 Taugt Erziehung zur Wissenschaft?
1980; ders., Du monde de lâà -peu-près à lâunivers de la précision in: Ãtudes dâhistoire de la pensée philosophique, Paris 1971, S. 341-362; auch: Wilhelm Dilthey, âDie Autonomie des Denkens, der konstruktive Rationalis
Source: paedica nova
November 03, 2008 dinorossi.com
2025 S. 341 Place, Federal Way. Cheri Johnson. 253-858-3321. cherifordino@gmail.com. 31. ENUMCLAW. Monday. 6-8:30pm. Enumclaw Sales Barn. 22712 SE 436th St. Enumclaw, WA 98022. Teresa Pigott. (253) 797-9282. 31st.4.rossi@gmail.com ...











Rating Filter: 5
Comments
No Comments
Add A Comment