Domestic Oil, Gas & Geothermal Drilling Tax Incentives
Current understanding
To be populated as evidence accumulates.
Evidence log
- 2025-01-23 — Promoting Domestic Energy Production Act: Promoting Domestic Energy Production Act (introduced) would allow corporations to subtract intangible drilling and development costs and related depletion expenses for domestic oil, gas, or geothermal wells from adjusted financial statement income when computing the 15% corporate alternative minimum tax. (novelty: 2)