I 
110TH CONGRESS 
2D SESSION 
H. R. 6009 
To leverage market forces to bring greater efficiency and capacity to domestic 
refineries, to bring new sources of domestic energy to market, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 8, 2008 
Mr. ENGLISH of Pennsylvania (for himself and Mr. ALEXANDER) introduced 
the following bill; which was referred to the Committee on Natural Re-
sources, and in addition to the Committees on Energy and Commerce, 
the Judiciary, Ways and Means, and Foreign Affairs, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
of such provisions as fall within the jurisdiction of the committee con-
cerned 
A BILL 
To leverage market forces to bring greater efficiency and 
capacity to domestic refineries, to bring new sources 
of domestic energy to market, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Affordable Fuel for Consumers Act of 2008’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
VerDate Aug 31 2005 
03:34 May 13, 2008
Jkt 069200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
Sec. 1. Short title; table of contents. 
TITLE I—GENERAL PROVISIONS 
Sec. 101. Sense of Congress. 
Sec. 102. Cap and reduction of boutique fuels. 
Sec. 103. Antitrust prohibition of certain conduct by oil producing cartels. 
Sec. 104. Report to Congress on energy bottlenecks and barriers. 
TITLE II—TAX PROVISIONS 
Sec. 201. 60-day suspension of fuel taxes on highway motor fuels. 
Sec. 202. Temporary expensing of oil and natural gas exploration and produc-
tion property. 
Sec. 203. Incentives for extraction and processing of oil shale. 
TITLE III—OIL AND GAS DRILLING 
Subtitle A—Arctic National Wildlife Refuge 
Sec. 301. Definitions. 
Sec. 302. Leasing program for lands within the Coastal Plain. 
Sec. 303. Lease sales. 
Sec. 304. Grant of leases by the Secretary. 
Sec. 305. Lease terms and conditions. 
Sec. 306. Coastal Plain environmental protection. 
Sec. 307. Expedited judicial review. 
Sec. 308. Federal and State distribution of revenues. 
Sec. 309. Rights-of-way across the Coastal Plain. 
Sec. 310. Conveyance. 
Sec. 311. Local government impact aid and community service assistance. 
Subtitle B—Off Shore Drilling for Oil and Gas 
Sec. 321. Termination of prohibitions on expenditures for, and withdrawals 
from, offshore leasing. 
Sec. 322. Outer Continental Shelf leasing program. 
Sec. 323. Sharing of revenues. 
Subtitle C—Prohibition on Exportation of Alaskan North Slope Crude Oil 
Sec. 331. Prohibition on exportation of Alaskan North Slope crude oil. 
TITLE I—GENERAL PROVISIONS 
SEC. 101. SENSE OF CONGRESS. 
It is the sense of the Congress that the President 
should stop filling the Strategic Petroleum Reserve until 
the price of petroleum no longer has a major adverse im-
pact on the national economy. 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
SEC. 102. CAP AND REDUCTION OF BOUTIQUE FUELS. 
(a) EPA APPROVAL OF STATE PLANS WITH BOU-
TIQUE FUELS.—Section 211(c)(4) of the Clean Air Act 
(42 U.S.C. 7545(c)(4)) is amended by adding the fol-
lowing at the end thereof: 
‘‘(D) In the case of gasoline, after the enactment of 
this subparagraph, the Administrator may give a pref-
erence to the approval of State implementation plan provi-
sions described in subparagraph (C) if the control or pro-
hibition in such provisions requires the use of either of 
the following: 
‘‘(i) Reformulated gasoline as defined in sub-
section (k). 
‘‘(ii) Gasoline having a Reid Vapor Pressure of 
7.0 or 7.8 pounds per square inch (psi) for the high 
ozone season (as determined by the Administrator). 
The Administrator shall have no authority, when consid-
ering State implementation plan revisions under subpara-
graph (C), to approve any fuel or fuel additive if the effect 
of such approval would be to increase the total number 
of fuels and fuel additives approved in all State implemen-
tation plans nationwide prior to June 1, 2004.’’. 
(b) CROSS REFERENCE.—Section 211(c)(4)(C) of the 
Clean Air Act (42 U.S.C. 7545(c)(4)(C)) is amended by 
adding the following at the end thereof: ‘‘After the date 
of enactment of subparagraph (D) of this paragraph, any 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
State implementation plan revision under this subpara-
graph involving gasoline shall be considered only pursuant 
to both this subparagraph and subparagraph (D).’’. 
(c) STUDY.—The Administrator of the Environ-
mental Protection Agency, in cooperation with the Sec-
retary of Energy, shall undertake a study of the effects 
on air quality, on the number of fuel blends, on fuel avail-
ability, and on fuel costs of the State plan provisions 
adopted pursuant to section 211(c)(4)(D) of the Clean Air 
Act. In carrying out such study, the Administrator shall 
obtain comments from affected parties. The Administrator 
shall submit the results of such study to the Congress not 
later than 18 months after the enactment of this Act, to-
gether with any recommended legislative changes to the 
list of fuels in section 211(c)(4)(D), which, if expanded, 
shall not exceed 10 fuels. 
SEC. 103. ANTITRUST PROHIBITION OF CERTAIN CONDUCT 
BY OIL PRODUCING CARTELS. 
(a) ANTITRUST AMENDMENT.—The Sherman Act 
(15 U.S.C. 1 et seq.) is amended by adding after section 
7 the following: 
‘‘SEC. 7A. (a) It shall be illegal and a violation of 
this Act for any foreign state, or any instrumentality or 
agent of any foreign state, to act collectively or in com-
bination with any other foreign state, any instrumentality 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
or agent of any other foreign state, or any other person, 
whether by cartel or any other association or form of co-
operation or joint action— 
‘‘(1) to limit the production or distribution of 
oil, natural gas, or any other petroleum product; 
‘‘(2) to set or maintain the price of oil, natural 
gas, or any petroleum product; or 
‘‘(3) to otherwise take any action in restraint of 
trade for oil, natural gas, or any petroleum product; 
when such action, combination, or collective action has a 
direct, substantial, and reasonably foreseeable effect on 
the market, supply, price, or distribution of oil, natural 
gas, or other petroleum product in the United States. 
‘‘(b) A foreign state engaged in conduct in violation 
of subsection (a) shall not be immune under the doctrine 
of sovereign immunity from the jurisdiction or judgments 
of the courts of the United States in any action brought 
to enforce this section. 
‘‘(c) No court of the United States shall decline, 
based on the act of state doctrine, to make a determina-
tion on the merits in an action brought under this section. 
‘‘(d) The Attorney General of the United States may 
bring an action to enforce this section in any district court 
of the United States as provided under the antitrust 
laws.’’. 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
(b) SOVEREIGN IMMUNITY.—Section 1605(a) of title 
28, United States Code, is amended— 
(1) in paragraph (6), by striking ‘‘or’’ after the 
semicolon; 
(2) in paragraph (7), by striking the period and 
inserting ‘‘; or’’; and 
(3) by adding at the end the following: 
‘‘(8) in which the action is brought under sec-
tion 7A of the Sherman Act.’’. 
SEC. 104. REPORT TO CONGRESS ON ENERGY BOTTLE-
NECKS AND BARRIERS. 
Not later than one year after the date of enactment 
of this Act, the Comptroller General shall transmit to the 
Congress a report containing the results of a study on the 
effectiveness of our Nation’s energy supply, and limita-
tions on the current energy infrastructure, with emphasis 
on areas that create artificial shortages, long-term supply 
problems, and higher costs. The study shall compare re-
gional differences in supply and cost of energy, and rea-
sons for such differences. 
TITLE II—TAX PROVISIONS 
SEC. 201. 60-DAY SUSPENSION OF FUEL TAXES ON HIGHWAY 
MOTOR FUELS. 
(a) IN GENERAL.—Section 4081 of the Internal Rev-
enue Code of 1986 (relating to imposition of tax on motor 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
and aviation fuels) is amended by adding at the end the 
following new subsection: 
‘‘(f) 60-DAY SUSPENSION
OF HIGHWAY MOTOR 
FUEL TAXES.— 
‘‘(1) IN GENERAL.—During the suspension pe-
riod, no tax shall be imposed by section 4041 or 
4081 on highway motor fuel. 
‘‘(2) DEFINITIONS.—For purposes of this sub-
section— 
‘‘(A) SUSPENSION
PERIOD.—The term 
‘suspension period’ means the 60-day period be-
ginning on the day after the date of the enact-
ment of this section. 
‘‘(B) HIGHWAY MOTOR FUEL.—The term 
‘highway motor fuel’ means any fuel subject to 
tax under section 4041 or 4081 other than 
aviation gasoline and aviation-grade kerosene. 
‘‘(3) PREEMPTION OF STATE LAW.—No State 
tax may be increased by reason of any suspension of 
tax under this subsection.’’. 
(b) MAINTENANCE
OF TRUST FUNDS DEPOSITS; 
AMOUNTS APPROPRIATED TO TRUST FUNDS TREATED AS 
TAXES.— 
(1) IN
GENERAL.—There is hereby appro-
priated (out of any money in the Treasury not other-
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
wise appropriated) to each trust fund which would 
(but for this subsection) receive reduced revenues as 
a result of suspending a tax referred to in section 
4081(f)(1) of the Internal Revenue Code of 1986 (as 
added by this section) an amount equal to such re-
duction in revenues. Amounts appropriated by the 
preceding sentence to any trust fund— 
(A) shall be transferred from the general 
fund at such times and in such manner as to 
replicate to the extent possible the transfers 
which would have occurred had subsection (a) 
not been enacted, and 
(B) shall be treated for all purposes of 
Federal law as taxes received under the appro-
priate section referred to in such section 
4081(f)(1). 
(c) EFFECTIVE DATE.—The amendment made by 
this section shall take effect on the date of the enactment 
of this Act. 
SEC. 202. TEMPORARY EXPENSING OF OIL AND NATURAL 
GAS EXPLORATION AND PRODUCTION PROP-
ERTY. 
(a) IN GENERAL.—Part VI of subchapter B of chap-
ter 1 of the Internal Revenue Code of 1986 is amended 
by inserting after section 179E the following new section: 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00008
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
‘‘SEC. 179F. TEMPORARY EXPENSING OF OIL AND NATURAL 
GAS EXPLORATION AND PRODUCTION PROP-
ERTY . 
‘‘(a) TREATMENT AS EXPENSES.—At the election of 
the taxpayer, there shall be allowed as a deduction an 
amount equal to the cost paid or incurred by the taxpayer 
during the taxable year for qualified oil and gas produc-
tion property. The deduction under the preceding sentence 
with respect to any property shall be allowed for the tax-
able year in which such property is placed in service. 
‘‘(b) QUALIFIED OIL AND GAS PRODUCTION PROP-
ERTY.—For purposes of this section— 
‘‘(1) IN GENERAL.—The term ‘qualified oil and 
gas production property’ means any property— 
‘‘(A) the original use of which begins with 
the taxpayer, and 
‘‘(B) which is described in any of the fol-
lowing assets classes under Revenue Procedure 
87–56: 
‘‘(i) 13.0 (relating to assets used in 
offshore drilling for oil and gas). 
‘‘(ii) 13.1 (relating to drilling of oil 
and gas wells). 
‘‘(iii) 13.2 (relating to exploration for 
and production of petroleum and natural 
gas deposits). 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00009
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
‘‘(2) APPLICATION OF SECTION.—This section 
shall apply to any property only if— 
‘‘(A)(i) no written binding contract for the 
construction of such property was in effect on 
or before May 8, 2008, or 
‘‘(ii) in the case of self-constructed prop-
erty, the construction of such property did not 
commence on or before such date, and 
‘‘(B) such property is placed in service be-
fore January 1, 2012. 
‘‘(3) SPECIAL RULE FOR SALE-LEASEBACKS.— 
For purposes of paragraph (1)(A), if property is— 
‘‘(A) originally placed in service after the 
date of the enactment of this section by a per-
son, and 
‘‘(B) sold and leased back by such person 
within 3 months after the date such property 
was originally placed in service, 
such property shall be treated as originally placed in 
service not earlier than the date on which such prop-
erty is used under the leaseback referred to in sub-
paragraph (B). 
‘‘(c) BASIS REDUCTION.— 
‘‘(1) IN GENERAL.—For purposes of this title, 
the basis of any property shall be reduced by the 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00010
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
portion of the cost of such property taken into ac-
count under subsection (a). 
‘‘(2) ORDINARY
INCOME
RECAPTURE.—For 
purposes of section 1245, the amount of the deduc-
tion allowable under subsection (a) with respect to 
any property which is of a character subject to the 
allowance for depreciation shall be treated as a de-
duction allowed for depreciation under section 167. 
‘‘(d) ELECTION.— 
‘‘(1) IN GENERAL.—An election under this sec-
tion for any taxable year shall be made on the tax-
payer’s return of the tax imposed by this chapter for 
the taxable year. 
‘‘(2) ELECTION
IRREVOCABLE.—Any election 
made under this section may not be revoked except 
with the consent of the Secretary. 
‘‘(e) ELECTION TO ALLOCATE DEDUCTION TO COOP-
ERATIVE OWNER.—A rule similar to the rule of section 
179C(g) shall apply for purposes of this section.’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Section 263(a)(1) of such Code is amended 
by striking ‘‘or’’ at the end of subparagraph (K), by 
striking the period at the end of subparagraph (L) 
and inserting ‘‘, or’’, and by inserting after subpara-
graph (L) the following new subparagraph: 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00011
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
‘‘(M) expenditures for which a deduction is 
allowed under section 179F.’’. 
(2) Section 263A(c)(3) of such Code is amend-
ed by inserting ‘‘179F,’’ after ‘‘179B,’’. 
(3) Section 312(k)(3)(B) of such Code is 
amended by striking ‘‘or 179E’’ each place it ap-
pears in the heading and text and inserting ‘‘179E, 
or 179F’’. 
(4) Section 1016(a) of such Code is amended 
by striking ‘‘and’’ at the end of paragraph (36), by 
striking the period at the end of paragraph (37) and 
inserting ‘‘, or’’, and by adding at the end the fol-
lowing new paragraph: 
‘‘(38) to the extent provided in section 
179F(c).’’. 
(5) Section 1245(a) of such Code is amended 
by inserting ‘‘179F,’’ after ‘‘179E,’’ both places it 
appears in paragraphs (2)(C) and (3)(C). 
(6) The table of sections for part VI of sub-
chapter B of chapter 1 of such Code is amended by 
inserting after the item relating to section 179C the 
following new item: 
‘‘Sec. 179F. Temporary expensing of oil and natural gas exploration and pro-
duction property.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to costs paid or incurred after the 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00012
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
date of the enactment of this Act in taxable years ending 
after such date. 
SEC. 203. INCENTIVES FOR EXTRACTION AND PROCESSING 
OF OIL SHALE. 
(a) INVESTMENT TAX CREDIT FOR EXTRACTION AND 
PROCESSING OF OIL SHALE USING IN-SITU CONVERSION 
TECHNOLOGY.— 
(1) IN GENERAL.—Subpart E of part IV of 
subchapter A of chapter 1 of the Internal Revenue 
Code of 1986 is amended by inserting after section 
48B the following new section: 
‘‘SEC. 48C. OIL SHALE EXTRACTION AND PROCESSING FA-
CILITY. 
‘‘(a) GENERAL RULE.—For purposes of section 46, 
the oil shale extraction and processing credit for any tax-
able year is 30 percent of the cost of any qualified oil shale 
extraction and processing property. 
‘‘(b) QUALIFIED
OIL
SHALE
EXTRACTION
AND 
PROCESSING PROPERTY.—The term ‘qualified oil shale 
extraction and processing property’ means property of a 
character subject to the allowance for depreciation— 
‘‘(1) which is used in the United States solely 
to extract and process oil shale using in-situ conver-
sion technology, 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00013
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
‘‘(2) the original use of which commences with 
the taxpayer after the date of the enactment of this 
section, 
‘‘(3) which is acquired by the taxpayer by pur-
chase (as defined in section 179(d)) after the date 
of the enactment of this subsection, but only if no 
written binding contract for the acquisition was in 
effect on or before the date of the enactment of this 
subsection, and 
‘‘(4) which is placed in service by the taxpayer 
before January 1, 2019. 
‘‘(c) SPECIAL
RULE
FOR
CERTAIN
SUBSIDIZED 
PROPERTY.—For purposes of this section, rules similar to 
the rules of section 48(a)(4) shall apply. 
‘‘(d) DENIAL OF DOUBLE BENEFIT.—A deduction or 
credit shall not be allowed under any other provision of 
this chapter for the cost taken into account under sub-
section (a).’’. 
(2) CREDIT TREATED AS PART OF INVESTMENT 
CREDIT.—Section 46 is amended by striking ‘‘and’’ 
at the end of paragraph (4), by striking the period 
at the end of paragraph (5) and inserting ‘‘, and’’, 
and by adding at the end the following new para-
graph: 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00014
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
‘‘(6) the oil shale extraction and processing 
credit.’’. 
(3) CONFORMING AMENDMENTS.— 
(A) Section 49(a)(1)(C) is amended by 
striking ‘‘and’’ at the end of clause (iv), by 
striking the period at the end of clause (v) and 
inserting ‘‘, and’’, and by adding at the end the 
following new clause: 
‘‘(vi) the basis of any qualified oil 
shale extraction and processing property.’’. 
(B) The table of sections for subpart E of 
part IV of subchapter A of chapter 1 is amend-
ed by inserting after the item relating to section 
48B the following new item: 
‘‘Sec. 48C. Oil shale extraction and processing facility.’’. 
(b) EXPENSING OIL SHALE EXTRACTION AND PROC-
ESSING PROPERTY.—Part VI of subchapter B of chapter 
1 of such Code is amended by inserting after section 179F 
the following new section: 
‘‘SEC. 179G. ELECTION TO EXPENSE CERTAIN OIL SHALE 
EXTRACTION AND PROCESSING PROPERTY. 
‘‘(a) TREATMENT AS EXPENSES.—A taxpayer may 
elect to treat the cost of any qualified oil shale extraction 
and processing property as an expense which is not 
chargeable to capital account. Any cost so treated shall 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00015
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
be allowed as a deduction for the taxable year in which 
the expense is incurred. 
‘‘(b) ELECTION.— 
‘‘(1) IN GENERAL.—An election under this sec-
tion for any taxable year shall be made on the tax-
payer’s return of the tax imposed by this chapter for 
the taxable year. Such election shall be made in such 
manner as the Secretary may by regulations pre-
scribe. 
‘‘(2) ELECTION
IRREVOCABLE.—Any election 
made under this section may not be revoked except 
with the consent of the Secretary. 
‘‘(c) QUALIFIED OIL SHALE EXTRACTION AND PROC-
ESSING PROPERTY.—For purposes of this section— 
‘‘(1) The term ‘qualified oil shale extraction 
and processing property’ means any property located 
in the United States— 
‘‘(A) the original use of which commences 
with the taxpayer and which original use is 
solely to extract or process oil shale, and 
‘‘(B) which is placed in service by the tax-
payer after the date of the enactment of this 
section and before January 1, 2019. 
‘‘(d) ELECTION TO ALLOCATE DEDUCTION TO COOP-
ERATIVE OWNER.—If— 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00016
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
‘‘(1) a taxpayer to which subsection (a) applies 
is an organization to which part I of subchapter T 
applies, and 
‘‘(2) one or more persons directly holding an 
ownership interest in the taxpayer are organizations 
to which part I of subchapter T apply, 
the taxpayer may elect to allocate all or a portion of the 
deduction allowable under subsection (a) to such persons. 
Such allocation shall be equal to the person’s ratable share 
of the total amount allocated, determined on the basis of 
the person’s ownership interest in the taxpayer. The tax-
able income of the taxpayer shall not be reduced under 
section 1382 by reason of any amount to which the pre-
ceding sentence applies. 
‘‘(e) BASIS REDUCTION.— 
‘‘(1) IN GENERAL.—For purposes of this title, 
if a deduction is allowed under this section with re-
spect to any qualified oil shale extraction and proc-
essing property, the basis of such property shall be 
reduced by the amount of the deduction so allowed. 
‘‘(2) ORDINARY
INCOME
RECAPTURE.—For 
purposes of section 1245, the amount of the deduc-
tion allowable under subsection (a) with respect to 
any property which is of a character subject to the 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00017
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS
allowance for depreciation shall be treated as a de-
duction allowed for depreciation under section 167. 
‘‘(f) APPLICATION WITH OTHER DEDUCTIONS AND 
CREDITS.— 
‘‘(1) OTHER DEDUCTIONS.—No deduction shall 
be allowed under any other provision of this chapter 
with respect to any expenditure with respect to 
which a deduction is allowed under subsection (a) to 
the taxpayer. 
‘‘(2) CREDITS.—No credit shall be allowed 
under section 38 with respect to any amount for 
which a deduction is allowed under subsection (a). 
‘‘(g) REPORTING.—No deduction shall be allowed 
under subsection (a) to any taxpayer for any taxable year 
unless such taxpayer files with the Secretary a report con-
taining such information with respect to the operation of 
the property of the taxpayer as the Secretary shall re-
quire.’’. 
(c) CONFORMING AMENDMENTS.— 
(1) Section 1016(a) of such Code is amended 
by striking ‘‘and’’ at the end of paragraph (37), by 
striking the period at the end of paragraph (38) and 
inserting ‘‘, and’’, and by adding at the end the fol-
lowing new paragraph: 
VerDate Aug 31 2005 
00:54 May 13, 2008
Jkt 069200
PO 00000
Frm 00018
Fmt 6652
Sfmt 6201
E:\BILLS\H6009.IH
H6009
erowe on PRODPC61 with BILLS