S 2762 · 93th Congress · Taxation
A bill to deny the deduction of intangible drilling and development costs in the case of oil and gas wells located in countries restricting exports of oil and gas to the United States.
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1973-12-03)
Plain Language Summary
[AI summary unavailable — showing source text]
Denies, under the Internal Revenue Code, the tax deduction of intangible drilling and development costs in the case of oil and gas wells located in countries restricting exports of oil and gas to the United States. (Amends 26 U.S.C. 263)…
Summarized by Claude AI · Non-partisan · For informational purposes only