S. 224 Introduced Taxation

Promoting Domestic Energy Production Act

A bill to amend the Internal Revenue Code of 1986 to allow intangible drilling and development costs to be taken into account when computing adjusted financial statement income.

  1. Introduced
  2. Committee
  3. Passed Senate
  4. Passed House
  5. To President
  6. Became law
Sponsor Sen. Lankford, James [R-OK] Introduced January 23, 2025 Cosponsors 18 (18 R) Latest action January 23, 2025

Summary

The Congressional Research Service has not published a summary of this bill yet.

Congress.gov

Actions

  1. Jan 23, 2025 Read twice and referred to the Committee on Finance.
  2. Jan 23, 2025 Introduced in Senate

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