Sec. 138125. Foreign oil and gas extraction income and foreign oil related income to include oil shale and tar sands
40 words·~1 min read·
/bill/117/hr/5376/eh/section-138125·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Paragraphs (1)(A) and (2)(A) of section 907(c) are each amended by inserting (or oil shale or tar sands) after oil or gas wells . The amendments made by this section shall apply to taxable years beginning after December 31, 2021.