Promoting Domestic Energy Production Act

House Bill 5073 - Promoting Domestic Energy Production Act: Overview, Status, and Impact

Hozzl · 2023-12-14T17:01:04Z

Explore the details of House Bill 5073 Promoting Domestic Energy Production Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/14/2023, 5:01 PM

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Current Status of Bill HR 5073

Bill HR 5073 is currently in the status of Bill Introduced since July 28, 2023. Bill HR 5073 was introduced during Congress 118 and was introduced to the House on July 28, 2023. Bill HR 5073's most recent activity was Referred to the House Committee on Ways and Means. as of July 28, 2023

Bipartisan Support of Bill HR 5073

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5073

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 5073

Promoting Domestic Energy Production Act

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.