Foreign oil and gas extraction income and foreign oil related income to include oil shale and tar sands

(a) In general Paragraphs (1)(A) and (2)(A) of section 907(c) of the Internal Revenue Code of 1986 are each amended by inserting (or oil shale or tar sands) after oil or gas wells. (b) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.