S 3463 · 95th Congress · Taxation

A bill to amend Section 1035 (c) of the Tax Reform Act of 1976 relating to tax credit for production sharing contracts.

Introduced 1978-08-25· Sponsored by Sen. Wallop, Malcolm [R-WY]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1978-08-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to temporarily extend to domestic corporations which qualify as independent producers for purposes of the oil depletion allowance the foreign tax credit for production-sharing contracts.…

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