Credit for Fuel from A Nonconventional Source

Credit for Fuel from A Nonconventional Source

Credit for Fuel from A Nonconventional Source means:
a credit or other debt instrument of $3 per 5 8 million BTU for the production of oil, gas, and synthetic fuels from nonconventional sources such as coal seams, geopressured brine, shale, tar sands, or biomass. The fuel must be produced and sold from facilities placed in service after 1979 and before 1993, with certain facilities extended to before 1996. The credit is phased out as the average wellhead price for domestic oil rises from $23.50 to $29.50 per barrel.


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