507

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Amendment Number
507
Purpose
To amend the Internal Revenue Code of 1954 to allow the credit for production of natural gas from certain nonconventional sources only if such natural gas was sold at a lawful price without regard to section 107 and subtitle B of title I of the Natural Gas Policy Act of 1978.
Congress
97
Type
SAMDT
Latest Action Date
Jul 23, 1981
Latest Action Text
Amendment agreed to in Senate by Voice Vote.
Proposed Date
Jul 23, 1981
Submitted Date
Jul 21, 1981
Chamber
Senate
Update Date
Aug 14, 2021
Amendment 507 — Informed