legislation: 109-hr-6417

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
109-hr-6417 109 hr 6417 Climate Change Investment Act of 2006 Taxation 2006-12-07 2006-12-07 Referred to the House Committee on Ways and Means. House Rep. Meehan, Martin T. [D-MA-5] MA D M000627 0 Climate Change Investment Act of 2006 - Repeals provisions of the Internal Revenue Code allowing: (1) an election to expense the cost of certain liquid fuel processing refineries; (2) accelerated amortization of geological and geophysical expenditures; (3) a tax credit for enhanced oil recovery costs; (4) a tax credit for the production of low sulfur diesel fuel; (5) a tax credit for producing fuel from a nonconventional source; (6) a tax deduction for capital costs incurred in complying with certain sulfur regulations; (7) a tax deduction for intangible drilling and development costs for oil and gas wells and geothermal wells; and (8) tax deductions for certain oil and gas well expenditures.Allows a business-related tax credit for investment in a greenhouse gas intensity reduction project approved by the Secretary of Energy. 2019-11-15T21:49:34Z  

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