Sec. 401. Credit for producing fuel from nonconventional sources to apply to gas produced onshore from formations more than 15,000 feet deep
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Subparagraph
(B)of section 45K(c)(1) of the Internal Revenue Code of 1986 is amended by striking or at the end of clause (i), by striking and at the end of clause
(ii)and inserting or , and by inserting after clause
(ii)the following new clause: an onshore well from a formation more than 15,000 feet deep, and . Section 45K of such Code is amended by adding at the end the following new subsection: In the case of a well producing qualified fuel described in subsection (c)(1)(B)(iii)— for purposes of subsection (e)(1)(A), such well shall be treated as drilled before January 1, 1993, if such well is drilled after the date of the enactment of this subsection, and subsection (e)(2) shall not apply. . The amendments made by this section shall apply to taxable years ending after the date of the enactment of this Act.