2022 Standard Federal Tax Reporter (CCH) Committee Reports on P.L. 100-647 (Technical and Miscellaneous Revenue Act of 1988), Congress (United States)

Summary

• Committee Report: Standard Federal Tax Reporter (2022), Committee Reports on P.L. 100-647 (Technical and Miscellaneous Revenue Act of 1988)

  .36 Agricultural and Natural Resource Provisions

  The bill clarifies that the expensed mining exploration expenses that are included in income upon reaching the producing stage are not taken into account in determining the amount of recapture under this provision.- House Committee Report (H.R.  Rep. No. 100-795 ). 

  The conference agreement follows the House bill. * * *

  -Conference Committee Report (H.R.  Conf. Rep. No. 100-1104 ).