Promoting Domestic Energy Production Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 662 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 662 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 January 23, 2025 Mr. Carey (for himself, Mr. Vicente Gonzalez of Texas, Mr. Langworthy, Mr. Rulli, Mr. Davidson, Mr. Crenshaw, Mr. Zinke, Mr. Balderson, Mr. Veasey, Mr. LaHood, Mr. Carter of Texas, Mr. Meuser, Mr. Thompson of Pennsylvania, Mrs. Miller of Illinois, Mr. Hern of Oklahoma, Ms. Tenney, Mrs. Miller of West Virginia, Mr. Williams of Texas, Mr. Cuellar, Mr. Hunt, Mr. Mann, Mr. Miller of Ohio, Mr. Cole, Mr. Weber of Texas, Mr. Newhouse, Mr. McDowell, Mr. Fallon, Ms. Van Duyne, Mr. Murphy, Mr. Ellzey, Mr. Babin, Mr. Evans of Colorado, Mr. Goldman of Texas, and Ms. Malliotakis) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To …