S 2095 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide an investment credit for oil and gas drilling expenditures.

Introduced 1977-09-14· Sponsored by Sen. Tower, John G. [R-TX]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1977-09-14)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide an investment tax credit for oil and gas drilling expenditures and a supplementary credit for productive exploratory oil and gas wells.…

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