Top Legislation - View All
Also tagged in: Atlantic Ocean, Continental shelf, Energy, Gas in submerged lands, Marine resources, Mining leases, Natural resources, Ocean mining, Oil and gas leases, Petroleum in submerged lands, Prospecting
Latest Action: 01/25/2007 - Read twice and referred to the Committee on Energy and Natural Resources. Bill TextA bill to amend the Outer Continental Shelf Lands Act to permanently prohibit the conduct of offshore drilling on the outer Continental Shelf in the Mid-Atlantic and North Atlantic planning areas. 1/25/2007--Introduced. Clean Ocean and Safe Tourism Anti-Drilling Act, or the COAST Anti-Drilling Act - Amends the Outer Continental Shelf Lands Act to prohibit the Secretary of the Interior from issuing a lease for the exploration, development, or production of oil, natural gas, or any other mineral in either the Mid-Atlantic or the North Atlantic planning areas.
Also tagged in: Alaska, Business, Corporation taxes, Depletion allowances, Electric power transmission, Energy, Energy transportation, Foreign tax credit, Gas in submerged lands, Geology, Geophysical prediction, Gulf of Mexico, Income tax, Inventories, Marine resources, Natural gas, Oil and gas royalties, Oil well drilling, Petroleum in submerged lands, Petroleum industry, Petroleum refineries, Pipelines, Tax administration, Tax credits, Tax deductions, Tax deferral, Taxation, Taxation of foreign income, Transportation
Latest Action: 02/07/2007 - Referred to the Subcommittee on Energy and Mineral Resources. Bill TextTo restore fairness in the provision of incentives for oil and gas production, and for other purposes. 1/19/2007--Introduced. Energy Fairness for America Act - Amends the Internal Revenue Code to terminate: (1) the tax deduction for oil and gas intangible drilling and development costs; (2) the percentage depletion allowance for oil and gas wells; and (3) the tax credit for enhanced oil recovery costs. Repeals provisions of the Energy Policy Act of 2005 relating to: (1) oil and gas royalties in-kind; (2) marginal property production incentives; (3) incentives for natural gas production in the Gulf of Mexico; (4) royalty suspension for deep water production; (5) the inventory of Outer Continental Shelf oil and natural gas resources; (6) Alaska offshore royalty suspension; (7) accelerated depreciation of electric transmission property, natural gas distribution lines, and natural gas gathering lines and expensing of liquid fuel refinery property; (8) the exemption of small [...] show full description
Also tagged in: Atlantic Ocean, Continental shelf, Energy, Gas in submerged lands, Marine resources, Mining leases, Natural resources, Ocean mining, Oil and gas leases, Petroleum in submerged lands, Prospecting
Latest Action: 02/07/2007 - Referred to the Subcommittee on Energy and Mineral Resources. Bill TextTo amend the Outer Continental Shelf Lands Act to permanently prohibit the conduct of offshore drilling on the outer Continental Shelf in the Mid-Atlantic and North Atlantic planning areas. 1/31/2007--Introduced. Clean Ocean and Safe Tourism Anti-Drilling Act, or the COAST Anti-Drilling Act - Amends the Outer Continental Shelf Lands Act to prohibit the Secretary of the Interior from issuing a lease for the exploration, development, or production of oil, natural gas, or any other mineral in either the Mid-Atlantic or the North Atlantic planning areas.
Also tagged in: Admission of nonimmigrants, Aliens, Armed forces, Business, Caribbean area, Children, Congress, Congressional oversight, Congressional reporting requirements, Contracts, Corporation directors, Corporations, Cuba, Defense policy, Dictators, Energy, Energy development, Energy transportation, Environmental protection, Executives, Export controls, Export finance, Families, Finance, Financial institutions, Florida, Foreign investments, Foreign policy, Gas in submerged lands, Gas industry, Government procurement, Government securities, Immigration, International affairs, International finance, Investments, Investors, Latin America, Loans, Marine ecology, Marine resources, Married people, National security, Natural gas, Natural resources, Oil and gas leases, Oil and gas royalties, Oil well drilling, Petroleum, Petroleum engineering, Petroleum in submerged lands, Petroleum industry, Pipelines, Prospecting, Public contracts, Sanctions (International law), Stockholders, Subsidiary corporations, Technology, Technology transfer, Trade, Transportation, Visas
Latest Action: 03/14/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to exclude from admission to the United States aliens who have made investments contributing to the enhancement of the ability of Cuba to develop its petroleum resources, and for other purposes. 3/14/2007--Introduced. States that it shall be U.S. policy to: (1) undertake measures to deny the Cuban regime the financial resources to engage in activities that threaten U.S. national security and other interests, threaten the environment and natural resources of northern Cuba and Florida, and prolong the dictatorship that oppresses the Cuban people; and (2) deter foreign investments that would enhance the Cuban regime's ability to develop its petroleum resources. Amends the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 to exclude from U.S. entry an alien who: (1) is an officer or principal of an entity, or a shareholder who owns a controlling interest in an entity that makes an investment (as defined by this Act) of $1 million or more (or any combination [...] show full description
Also tagged in: Coastal zone, Continental shelf, Energy, Gas in submerged lands, Law, Licenses, Marine resources, Natural resources, New Jersey, Oil and gas leases, Petroleum in submerged lands, Prospecting
Latest Action: 02/14/2007 - Referred to the Subcommittee on Energy and Mineral Resources. Bill TextTo prohibit the Secretary of the Interior from issuing oil and gas leases on portions of the Outer Continental Shelf located off the coast of New Jersey. 2/8/2007--Introduced. Prohibits the Secretary of the Interior from issuing a lease, permit, or license for oil exploration or extraction from specified submerged Outer Continental Shelf lands located within 125 miles of the coast of New Jersey, including areas with respect to which a moratorium on oil and gas leasing activities existed before enactment of this Act.
Also tagged in: Administrative procedure, Alaska, Alternative energy sources, Automobiles, Budgets, Business, Condominium (Housing), Conservation of natural resources, Continental shelf, Cooperative housing, Department of Transportation, Depletion allowances, Depreciation and amortization, Education, Electric power production, Electric utilities, Elementary and secondary education, Energy, Energy conservation, Energy conservation in buildings, Energy efficiency, Energy prices, Energy research, Energy supplies, Energy transportation, Environmental protection, Executive departments, Federal aid to education, Fees, Fines (Penalties), Fuel cells, Fuel consumption, Gas in submerged lands, Gas industry, Geology, Geophysical prediction, Geothermal resources, Government procurement, Gulf of Mexico, Housing, Hydroelectric power, Income tax, Investment tax credit, Landfills, Law, Marine resources, Methane, Natural gas, Natural resources, Nuclear power plants, Ocean energy resources, Oil and gas leases, Oil and gas royalties, Oil well drilling, Petroleum, Petroleum in submerged lands, Petroleum industry, Petroleum refineries, Petroleum reserves, Pipelines, Propane, Prospecting, Public contracts, Public lands, Refuse as fuel, School buildings, Science policy, Secondary recovery of gas, Secondary recovery of oil, Small business, Solar energy, Solid wastes, Standards, Subsidies, Tax credits, Tax deductions, Taxation, Tidal power, Transportation, Water resources, Wind power
Latest Action: 03/01/2007 - Referred to the Subcommittee on Energy and Mineral Resources. Bill TextTo provide for the energy independence of the United States. 2/16/2007--Introduced. Freedom through Renewable Energy Expansion (FREE) Act - Amends the Energy Policy Act of 2005 to repeal provisions regarding: (1) the next generation nuclear plant project; (2) standby support for certain nuclear plant delays; and (3) incentives for oil and gas production from federal lands. Amends the Internal Revenue Code (IRC) to repeal: (1) the credit for production from advanced nuclear power facilities; (2) the election to expense certain refineries; (3) treatment of natural gas distribution lines as 15-year property; (4) treatment of natural gas gathering lines as seven-year property; (5) the rule for determining the small refiner exception to the oil depletion deduction; and (6) the amortization of geological and geophysical expenditures. Amends the Outer Continental Shelf Lands Act and the Naval Petroleum Reserves Production Act of 1976 to repeal the suspension of: (1) [...] show full description
Also tagged in: Administrative procedure, Administrative remedies, Alaska, Animals, Authorization, Awards, medals, prizes, Barrier islands, Budgets, Business, Coastal zone, Commemorations, Congress, Congressional reporting requirements, Continental shelf, Coral reefs, Department of Commerce, Ecological research, Economic development, Economic growth, Economic policy, Ecosystem management, Energy, Energy storage, Environmental degradation, Environmental education, Environmental monitoring, Environmental protection, Environmental technology, Estuaries, Executive departments, Federal aid to water pollution control, Federal-local relations, Federal-state relations, Fishery management, Foreign policy, Gas in submerged lands, Gifts, Government lending, Government trust funds, Grants-in-aid, Great Lakes, Habitat conservation, Housing, Infrastructure, Infrastructure (Economics), International affairs, International environmental cooperation, Interstate relations, Islands, Land transfers, Land use, Law, Liquefied natural gas, Marine ecology, Marine parks and reserves, Marine pollution, Marine resources, Marine resources conservation, Natural resources, Nonpoint source pollution, Nonprofit organizations, Oceanographic research, Open space lands, Overhead costs, Performance measurement, Petroleum in submerged lands, Planning, Population, Quality of life, Real estate development, Research grants, Restoration ecology, Science policy, Social services, Solid wastes, South Atlantic States, State and local government, State-local relations, Storm drains, Sustainable development, Technological innovations, Technology, Technology transfer, Transportation, Urban runoff, Waste disposal in the ocean, Water pollution, Water pollution control, Water resources, Water use, Watersheds, Wetlands, Wildlife management
Latest Action: 06/07/2007 - Sponsor introductory remarks on measure. (CR S7366-7367) Bill TextA bill to amend the Coastal Zone Management Act. 6/7/2007--Introduced. Coastal Zone Enhancement Reauthorization Act of 2007 - Amends the Coastal Zone Management Act of 1972 to declare that it is the national policy to: (1) create and use a National Estuarine Research Reserve System; and (2) encourage innovative coastal management practices and coastal and estuarine environmental technologies to improve long-term conservation. Authorizes the Secretary of Commerce to make grants to coastal states for development of coastal zone management programs. Allows the use of state coastal zone management program grants to develop and implement coastal nonpoint pollution control program components. Revises the eligible uses of resource management improvement grants and resource management improvement grant requirements. Revises requirements for the Coastal Zone Management Fund. Requires state loan repayments to the Fund to be made available to make grants to states [...] show full description
Also tagged in: Admission of nonimmigrants, Aliens, Armed forces, Business, Caribbean area, Children, Communism, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Contracts, Coral reefs, Corporation directors, Corporations, Cuba, Defense policy, Dictators, Energy, Energy development, Energy transportation, Environmental assessment, Environmental protection, Executives, Export controls, Export finance, Families, Finance, Financial institutions, Florida, Foreign investments, Foreign policy, Gas in submerged lands, Gas industry, Government procurement, Government securities, Immigration, International affairs, International finance, Latin America, Loans, Marine ecology, Marine resources, Married people, National security, Natural gas, Natural resources, Oil and gas leases, Oil and gas royalties, Petroleum, Petroleum engineering, Petroleum in submerged lands, Petroleum industry, Pipelines, Prospecting, Public contracts, Sanctions (International law), Stockholders, Subsidiary corporations, Technology, Technology transfer, Trade, Transportation, Visas
Latest Action: 04/20/2007 - Referred to the Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law. Bill TextTo protect the environmental integrity of coral reefs and other coastal marine resources from exploration, development, and production activities for petroleum resources located in a maritime exclusive economic zone of the United States that is contiguous to a foreign exclusive economic zone. 3/26/2007--Introduced. Caribbean Coral Reef Protection Act -States that it shall be U.S. policy to: (1) undertake measures to deny the government of Cuba, the Cuban Communist Party, or any of their instrumentalities the financial resources to engage in activities that threaten U.S. national security and other interests, threaten Cuba's environment and natural resources and Florida's marine environment, and prolong the dictatorship that oppresses the Cuban people; and (2) deter foreign investments that would enhance the Cuban regime's ability to develop its petroleum resources. Amends the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 to exclude from U.S. entry [...] show full description
Also tagged in: Alaska, Business, Corporation taxes, Depletion allowances, Electric power transmission, Energy, Energy transportation, Foreign tax credit, Gas in submerged lands, Geology, Geophysical prediction, Gulf of Mexico, Income tax, Inventories, Marine resources, Natural gas, Oil and gas royalties, Oil well drilling, Petroleum in submerged lands, Petroleum industry, Petroleum refineries, Pipelines, Tax administration, Tax credits, Tax deductions, Tax deferral, Taxation, Taxation of foreign income, Transportation
Latest Action: 01/22/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to restore fairness in the provision of incentives for oil and gas production, and for other purposes. 1/22/2007--Introduced. Energy Fairness for America Act - Amends the Internal Revenue Code to terminate: (1) the tax deduction for oil and gas intangible drilling and development costs; (2) the percentage depletion allowance for oil and gas wells; and (3) the tax credit for enhanced oil recovery costs. Repeals provisions of the Energy Policy Act of 2005 relating to: (1) oil and gas royalties in-kind; (2) marginal property production incentives; (3) incentives for natural gas production in the Gulf of Mexico; (4) royalty suspension for deep water production; (5) the inventory of Outer Continental Shelf oil and natural gas resources; (6) Alaska offshore royalty suspension; (7) accelerated depreciation of electric transmission property, natural gas distribution lines, and natural gas gathering lines and expensing of liquid fuel refinery property; (8) the exemption [...] show full description
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Latest Legislation - View All
Also tagged in: Administrative procedure, Administrative remedies, Alaska, Animals, Authorization, Awards, medals, prizes, Barrier islands, Budgets, Business, Coastal zone, Commemorations, Congress, Congressional reporting requirements, Continental shelf, Coral reefs, Department of Commerce, Ecological research, Economic development, Economic growth, Economic policy, Ecosystem management, Energy, Energy storage, Environmental degradation, Environmental education, Environmental monitoring, Environmental protection, Environmental technology, Estuaries, Executive departments, Federal aid to water pollution control, Federal-local relations, Federal-state relations, Fishery management, Foreign policy, Gas in submerged lands, Gifts, Government lending, Government trust funds, Grants-in-aid, Great Lakes, Habitat conservation, Housing, Infrastructure, Infrastructure (Economics), International affairs, International environmental cooperation, Interstate relations, Islands, Land transfers, Land use, Law, Liquefied natural gas, Marine ecology, Marine parks and reserves, Marine pollution, Marine resources, Marine resources conservation, Natural resources, Nonpoint source pollution, Nonprofit organizations, Oceanographic research, Open space lands, Overhead costs, Performance measurement, Petroleum in submerged lands, Planning, Population, Quality of life, Real estate development, Research grants, Restoration ecology, Science policy, Social services, Solid wastes, South Atlantic States, State and local government, State-local relations, Storm drains, Sustainable development, Technological innovations, Technology, Technology transfer, Transportation, Urban runoff, Waste disposal in the ocean, Water pollution, Water pollution control, Water resources, Water use, Watersheds, Wetlands, Wildlife management
Latest Action: 06/07/2007 - Sponsor introductory remarks on measure. (CR S7366-7367) Bill TextA bill to amend the Coastal Zone Management Act. 6/7/2007--Introduced. Coastal Zone Enhancement Reauthorization Act of 2007 - Amends the Coastal Zone Management Act of 1972 to declare that it is the national policy to: (1) create and use a National Estuarine Research Reserve System; and (2) encourage innovative coastal management practices and coastal and estuarine environmental technologies to improve long-term conservation. Authorizes the Secretary of Commerce to make grants to coastal states for development of coastal zone management programs. Allows the use of state coastal zone management program grants to develop and implement coastal nonpoint pollution control program components. Revises the eligible uses of resource management improvement grants and resource management improvement grant requirements. Revises requirements for the Coastal Zone Management Fund. Requires state loan repayments to the Fund to be made available to make grants to states [...] show full description
Also tagged in: Admission of nonimmigrants, Aliens, Armed forces, Business, Caribbean area, Children, Communism, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Contracts, Coral reefs, Corporation directors, Corporations, Cuba, Defense policy, Dictators, Energy, Energy development, Energy transportation, Environmental assessment, Environmental protection, Executives, Export controls, Export finance, Families, Finance, Financial institutions, Florida, Foreign investments, Foreign policy, Gas in submerged lands, Gas industry, Government procurement, Government securities, Immigration, International affairs, International finance, Latin America, Loans, Marine ecology, Marine resources, Married people, National security, Natural gas, Natural resources, Oil and gas leases, Oil and gas royalties, Petroleum, Petroleum engineering, Petroleum in submerged lands, Petroleum industry, Pipelines, Prospecting, Public contracts, Sanctions (International law), Stockholders, Subsidiary corporations, Technology, Technology transfer, Trade, Transportation, Visas
Latest Action: 04/20/2007 - Referred to the Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law. Bill TextTo protect the environmental integrity of coral reefs and other coastal marine resources from exploration, development, and production activities for petroleum resources located in a maritime exclusive economic zone of the United States that is contiguous to a foreign exclusive economic zone. 3/26/2007--Introduced. Caribbean Coral Reef Protection Act -States that it shall be U.S. policy to: (1) undertake measures to deny the government of Cuba, the Cuban Communist Party, or any of their instrumentalities the financial resources to engage in activities that threaten U.S. national security and other interests, threaten Cuba's environment and natural resources and Florida's marine environment, and prolong the dictatorship that oppresses the Cuban people; and (2) deter foreign investments that would enhance the Cuban regime's ability to develop its petroleum resources. Amends the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 to exclude from U.S. entry [...] show full description
Also tagged in: Admission of nonimmigrants, Aliens, Armed forces, Business, Caribbean area, Children, Congress, Congressional oversight, Congressional reporting requirements, Contracts, Corporation directors, Corporations, Cuba, Defense policy, Dictators, Energy, Energy development, Energy transportation, Environmental protection, Executives, Export controls, Export finance, Families, Finance, Financial institutions, Florida, Foreign investments, Foreign policy, Gas in submerged lands, Gas industry, Government procurement, Government securities, Immigration, International affairs, International finance, Investments, Investors, Latin America, Loans, Marine ecology, Marine resources, Married people, National security, Natural gas, Natural resources, Oil and gas leases, Oil and gas royalties, Oil well drilling, Petroleum, Petroleum engineering, Petroleum in submerged lands, Petroleum industry, Pipelines, Prospecting, Public contracts, Sanctions (International law), Stockholders, Subsidiary corporations, Technology, Technology transfer, Trade, Transportation, Visas
Latest Action: 03/14/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to exclude from admission to the United States aliens who have made investments contributing to the enhancement of the ability of Cuba to develop its petroleum resources, and for other purposes. 3/14/2007--Introduced. States that it shall be U.S. policy to: (1) undertake measures to deny the Cuban regime the financial resources to engage in activities that threaten U.S. national security and other interests, threaten the environment and natural resources of northern Cuba and Florida, and prolong the dictatorship that oppresses the Cuban people; and (2) deter foreign investments that would enhance the Cuban regime's ability to develop its petroleum resources. Amends the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 to exclude from U.S. entry an alien who: (1) is an officer or principal of an entity, or a shareholder who owns a controlling interest in an entity that makes an investment (as defined by this Act) of $1 million or more (or any combination [...] show full description
Also tagged in: Administrative procedure, Alaska, Alternative energy sources, Automobiles, Budgets, Business, Condominium (Housing), Conservation of natural resources, Continental shelf, Cooperative housing, Department of Transportation, Depletion allowances, Depreciation and amortization, Education, Electric power production, Electric utilities, Elementary and secondary education, Energy, Energy conservation, Energy conservation in buildings, Energy efficiency, Energy prices, Energy research, Energy supplies, Energy transportation, Environmental protection, Executive departments, Federal aid to education, Fees, Fines (Penalties), Fuel cells, Fuel consumption, Gas in submerged lands, Gas industry, Geology, Geophysical prediction, Geothermal resources, Government procurement, Gulf of Mexico, Housing, Hydroelectric power, Income tax, Investment tax credit, Landfills, Law, Marine resources, Methane, Natural gas, Natural resources, Nuclear power plants, Ocean energy resources, Oil and gas leases, Oil and gas royalties, Oil well drilling, Petroleum, Petroleum in submerged lands, Petroleum industry, Petroleum refineries, Petroleum reserves, Pipelines, Propane, Prospecting, Public contracts, Public lands, Refuse as fuel, School buildings, Science policy, Secondary recovery of gas, Secondary recovery of oil, Small business, Solar energy, Solid wastes, Standards, Subsidies, Tax credits, Tax deductions, Taxation, Tidal power, Transportation, Water resources, Wind power
Latest Action: 03/01/2007 - Referred to the Subcommittee on Energy and Mineral Resources. Bill TextTo provide for the energy independence of the United States. 2/16/2007--Introduced. Freedom through Renewable Energy Expansion (FREE) Act - Amends the Energy Policy Act of 2005 to repeal provisions regarding: (1) the next generation nuclear plant project; (2) standby support for certain nuclear plant delays; and (3) incentives for oil and gas production from federal lands. Amends the Internal Revenue Code (IRC) to repeal: (1) the credit for production from advanced nuclear power facilities; (2) the election to expense certain refineries; (3) treatment of natural gas distribution lines as 15-year property; (4) treatment of natural gas gathering lines as seven-year property; (5) the rule for determining the small refiner exception to the oil depletion deduction; and (6) the amortization of geological and geophysical expenditures. Amends the Outer Continental Shelf Lands Act and the Naval Petroleum Reserves Production Act of 1976 to repeal the suspension of: (1) [...] show full description
Also tagged in: Coastal zone, Continental shelf, Energy, Gas in submerged lands, Law, Licenses, Marine resources, Natural resources, New Jersey, Oil and gas leases, Petroleum in submerged lands, Prospecting
Latest Action: 02/14/2007 - Referred to the Subcommittee on Energy and Mineral Resources. Bill TextTo prohibit the Secretary of the Interior from issuing oil and gas leases on portions of the Outer Continental Shelf located off the coast of New Jersey. 2/8/2007--Introduced. Prohibits the Secretary of the Interior from issuing a lease, permit, or license for oil exploration or extraction from specified submerged Outer Continental Shelf lands located within 125 miles of the coast of New Jersey, including areas with respect to which a moratorium on oil and gas leasing activities existed before enactment of this Act.
Also tagged in: Atlantic Ocean, Continental shelf, Energy, Gas in submerged lands, Marine resources, Mining leases, Natural resources, Ocean mining, Oil and gas leases, Petroleum in submerged lands, Prospecting
Latest Action: 02/07/2007 - Referred to the Subcommittee on Energy and Mineral Resources. Bill TextTo amend the Outer Continental Shelf Lands Act to permanently prohibit the conduct of offshore drilling on the outer Continental Shelf in the Mid-Atlantic and North Atlantic planning areas. 1/31/2007--Introduced. Clean Ocean and Safe Tourism Anti-Drilling Act, or the COAST Anti-Drilling Act - Amends the Outer Continental Shelf Lands Act to prohibit the Secretary of the Interior from issuing a lease for the exploration, development, or production of oil, natural gas, or any other mineral in either the Mid-Atlantic or the North Atlantic planning areas.
Also tagged in: Atlantic Ocean, Continental shelf, Energy, Gas in submerged lands, Marine resources, Mining leases, Natural resources, Ocean mining, Oil and gas leases, Petroleum in submerged lands, Prospecting
Latest Action: 01/25/2007 - Read twice and referred to the Committee on Energy and Natural Resources. Bill TextA bill to amend the Outer Continental Shelf Lands Act to permanently prohibit the conduct of offshore drilling on the outer Continental Shelf in the Mid-Atlantic and North Atlantic planning areas. 1/25/2007--Introduced. Clean Ocean and Safe Tourism Anti-Drilling Act, or the COAST Anti-Drilling Act - Amends the Outer Continental Shelf Lands Act to prohibit the Secretary of the Interior from issuing a lease for the exploration, development, or production of oil, natural gas, or any other mineral in either the Mid-Atlantic or the North Atlantic planning areas.
Also tagged in: Alaska, Business, Corporation taxes, Depletion allowances, Electric power transmission, Energy, Energy transportation, Foreign tax credit, Gas in submerged lands, Geology, Geophysical prediction, Gulf of Mexico, Income tax, Inventories, Marine resources, Natural gas, Oil and gas royalties, Oil well drilling, Petroleum in submerged lands, Petroleum industry, Petroleum refineries, Pipelines, Tax administration, Tax credits, Tax deductions, Tax deferral, Taxation, Taxation of foreign income, Transportation
Latest Action: 01/22/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to restore fairness in the provision of incentives for oil and gas production, and for other purposes. 1/22/2007--Introduced. Energy Fairness for America Act - Amends the Internal Revenue Code to terminate: (1) the tax deduction for oil and gas intangible drilling and development costs; (2) the percentage depletion allowance for oil and gas wells; and (3) the tax credit for enhanced oil recovery costs. Repeals provisions of the Energy Policy Act of 2005 relating to: (1) oil and gas royalties in-kind; (2) marginal property production incentives; (3) incentives for natural gas production in the Gulf of Mexico; (4) royalty suspension for deep water production; (5) the inventory of Outer Continental Shelf oil and natural gas resources; (6) Alaska offshore royalty suspension; (7) accelerated depreciation of electric transmission property, natural gas distribution lines, and natural gas gathering lines and expensing of liquid fuel refinery property; (8) the exemption [...] show full description
Also tagged in: Alaska, Business, Corporation taxes, Depletion allowances, Electric power transmission, Energy, Energy transportation, Foreign tax credit, Gas in submerged lands, Geology, Geophysical prediction, Gulf of Mexico, Income tax, Inventories, Marine resources, Natural gas, Oil and gas royalties, Oil well drilling, Petroleum in submerged lands, Petroleum industry, Petroleum refineries, Pipelines, Tax administration, Tax credits, Tax deductions, Tax deferral, Taxation, Taxation of foreign income, Transportation
Latest Action: 02/07/2007 - Referred to the Subcommittee on Energy and Mineral Resources. Bill TextTo restore fairness in the provision of incentives for oil and gas production, and for other purposes. 1/19/2007--Introduced. Energy Fairness for America Act - Amends the Internal Revenue Code to terminate: (1) the tax deduction for oil and gas intangible drilling and development costs; (2) the percentage depletion allowance for oil and gas wells; and (3) the tax credit for enhanced oil recovery costs. Repeals provisions of the Energy Policy Act of 2005 relating to: (1) oil and gas royalties in-kind; (2) marginal property production incentives; (3) incentives for natural gas production in the Gulf of Mexico; (4) royalty suspension for deep water production; (5) the inventory of Outer Continental Shelf oil and natural gas resources; (6) Alaska offshore royalty suspension; (7) accelerated depreciation of electric transmission property, natural gas distribution lines, and natural gas gathering lines and expensing of liquid fuel refinery property; (8) the exemption of small [...] show full description
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