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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Oil and Gas Exploration Incentive Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to provide incentives for investors in oil and gas exploration.


Actions Overview (1)

Date
02/05/1992Introduced in House

All Actions (2)

Date
02/05/1992Referred to the House Committee on Ways and Means.
Action By: House of Representatives
02/05/1992Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means02/05/1992 Referred to

No related bill information was received for H.R.4190.


Latest Summary (1)

There is one summary for H.R.4190. View summaries

Shown Here:
Introduced in House (02/05/1992)

Oil and Gas Exploration Incentive Act - Amends the Internal Revenue Code to remove percentage depletion and intangible drilling costs from computation of the alternative minimum tax.

Makes permanent the credit for producing fuel from a nonconventional source. Allows such credit to offset the alternative minimum tax. Limits such credit to the production of a specified amount of gas or oil from any one well or in any one facility.