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HR 503 108th Congress House Taxation Alternative energy sources Commerce Economics and Public Finance Energy Energy prices Gas industry Income tax Indexing (Economic policy) Minimum tax Natural gas Petroleum Petroleum industry Tax administration Tax credits

To amend the Internal Revenue Code of 1986 to allow a credit for the production of oil and gas from domestic marginal wells and to extend the credit for alternative fuels.

Introduced: January 29, 2003 See on congress.gov
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 29, 2003
Referred to the House Committee on Ways and Means.
Jan 29, 2003
Introduced in House
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 Plain-English summary Congressional Research Service
Amends the Internal Revenue Code to establish a credit for producing oil and gas from marginal wells.

Extends, by five years, the credit for producing fuel from a nonconventional source.

What's happening now January 29, 2003

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Sessions, Pete
Texas · Feb 5, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 503: To amend the Internal Revenue Code of 1986 to allow a credit for the production of oil and gas from domestic marginal wells and to extend the credit for alternative fuels.. 108th Congress. Open America. https://openamerica.io/bill/108-HR-503/
MLA
"H.R. 503: To amend the Internal Revenue Code of 1986 to allow a credit for the production of oil and gas from domestic marginal wells and to extend the credit for alternative fuels.." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-503/.
Bluebook (legal)
H.R. 503, 108th Cong. (2026), https://openamerica.io/bill/108-HR-503/.
Markdown link
[H.R. 503: To amend the Internal Revenue Code of 1986 to allow a credit for the production of oil and gas from domestic marginal wells and to extend the credit for alternative fuels.](https://openamerica.io/bill/108-HR-503/)
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