Promoting Domestic Energy Production Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 5073 Introduced in House (IH)] <DOC> 118th CONGRESS 1st Session H. R. 5073 To amend the Internal Revenue Code of 1986 to allow intangible drilling and development costs to be taken into account when computing adjusted financial statement income. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 28, 2023 Mr. Carey (for himself, Mr. Vicente Gonzalez of Texas, Mr. Nehls, Mr. Hunt, Mr. Mooney, Mrs. Miller of West Virginia, Mr. Meuser, Mrs. Bice, Mr. Crenshaw, Mr. Cole, Mr. Cuellar, Ms. Van Duyne, Mr. Pence, Mr. Tony Gonzales of Texas, Ms. Greene of Georgia, Mr. Amodei, Mr. Pfluger, Mr. Zinke, Mr. Langworthy, Mr. Hern, Mr. Estes, Mr. Balderson, Mr. Armstrong, Mr. Miller of Ohio, and Mr. Newhouse) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to allow intangible drilling and development costs to be taken into account when computing adjusted financial statement income. Be it enact…