Sec. 5. Temporary relief for deductions related to intangible drilling costs
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/bill/116/s/4041/is/section-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 291(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: At the election of the taxpayer, subparagraph
(A)of paragraph
(1)shall not apply with respect to costs paid or incurred after December 31, 2019, and before January 1, 2021. .