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Code · BILL · 113th Congress · H.R. 1 (Introduced in House) — To amend the Internal Revenue Code of 1986 to provide for comprehensive tax reform. · Sec. 7002

Sec. 7002. Modifications relating to oil spill liability trust fund

110 words·~1 min read·/bill/113/hr/1/ih/section-7002

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Paragraph
(2)of section 4611(f) is amended by striking December 31, 2017 and inserting December 31, 2023 . Paragraph
(1)of section 4612(a) is amended to read as follows: The term crude oil includes crude oil condensates, natural gasoline, any bitumen or bituminous mixture, any oil derived from a bitumen or bituminous mixture, shale oil, and any oil derived from kerogen-bearing sources. . Paragraph
(2)of section 4612(a) is amended by striking from a well located . The amendments made by this section shall apply to oil and petroleum products received or entered during calendar quarters beginning more than 60 days after the date of the enactment of this Act.
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