H.R. 5515 (101st): To amend the Internal Revenue Code of 1986 to provide credit for producing fuel from nonconventional sources.

Introduced:
Aug 03, 1990 (101st Congress, 1989–1990)
Sponsor:
Rep. William Richardson [D-NM3]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on August 3, 1990, in a previous session of Congress, but was not enacted.

Progress
Introduced Aug 03, 1990
Cosponsors
none
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

8/3/1990--Introduced.
Amends the Internal Revenue Code to extend the income tax credit for producing fuel from a nonconventional source to qualified fuels: (1) from wells or facilities in service before January 1, 1993; and (2) sold before January 1, 1993. (The change represents a two-year extension of the credit.) Affirms natural gas found in tight sands formations as a qualified fuel with respect to the credit.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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