HR 503 · 108th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow a credit for the production of oil and gas from domestic marginal wells and to extend the credit for alternative fuels.

Introduced 2003-01-29· Sponsored by Rep. Thornberry, Mac [R-TX-13]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2003-01-29)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to establish a credit for producing oil and gas from marginal wells. Extends, by five years, the credit for producing fuel from a nonconventional source.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (14)

5 Democrats9 Republicans
Rep. Stenholm, Charles W. [D-TX-17]TX
Rep. Bonilla, Henry [R-TX-23]TX
Rep. Turner, Jim [D-TX-2]TX
Rep. Combest, Larry [R-TX-19]TX
Rep. Sullivan, John [R-OK-1]OK
Rep. Smith, Lamar [R-TX-21]TX
Rep. Cubin, Barbara [R-WY-At Large]WY
Rep. Carson, Brad [D-OK-2]OK
Rep. Hall, Ralph M. [D-TX-4]TX
Rep. Sessions, Pete [R-TX-32]TX
Rep. Pearce, Stevan [R-NM-2]NM
Rep. Burgess, Michael C. [R-TX-26]TX
Rep. Lewis, Ron [R-KY-2]KY
Rep. Udall, Tom [D-NM-3]NM