HR 6287 · 95th Congress · Taxation

A bill to provide a tax credit for expenditures made in the exploration and development of new reserves of oil and gas in the United States.

Introduced 1977-04-19· Sponsored by Rep. Archer, Bill [R-TX-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1977-04-19)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow an income tax credit for one-eighth of the expenses paid or incurred for the exploration and development of new oil and gas reserves in the United States.…

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