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Code · BILL · 113th Congress · H.R. 3017 (Introduced in House) — To amend the Internal Revenue Code of 1986 to extend the energy credit for certain property under construction. · Sec. 3

Sec. 3. Treatment of proceeds of sales of helium from Federal helium reserve

132 words·~1 min read·/bill/113/hr/3017/ih/section-3

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Notwithstanding any other provision of law, from amounts received by the United States in a fiscal year as proceeds of sales of crude helium under the Helium Act (50 U.S.C. 167a et seq.), there shall be deposited in the general fund of the Treasury an amount equal to the amount of revenue that would have been received by the United States in that fiscal year but for the enactment of section 2 of this Act. Amounts deposited under subsection
(a)shall be applied— except as provided in paragraph (2), to reduce the annual Federal budget deficit of the Government of the United States; or for amounts deposited in a fiscal year for which there is not such an annual deficit, to reduce the Federal debt of the Government of the United States.
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Sec. 3
Treatment of proceeds of sales of helium from Federal helium reserve
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