Termination of Energy and Natural Resource Tax Subsidies Act of 1995
Referred to the House Committee on Ways and Means.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Sep 12, 1995
Termination of Energy and Natural Resource Tax Subsidies Act of 1995 - Amends the Internal Revenue Code to repeal the expensing of intangible drilling and development costs and of mining exploration and development costs. Repeals limitations on percentage depletion in the case of oil and gas wells. Repeals the exception from passive loss rules for working interest in oil and gas property. Terminates the credit for any qualified fuels produced from a nonconventional source. Repeals the alcohol fuels credit. Repeals the reduced fuel tax rates for certain fuels.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.
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