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NATURAL RESOURCES COMMITTEE 1153 Tax Lawyer, Vol. 53, No. 4 NATURAL RESOURCES COMMITTEE SUBMITTED BY THE COMMITTEE ON NATURAL RESOURCES: RALPH COSELLI, COMMITTEE CHAIR; STEPHAN G. DOLLINGER, SUBCOMMITTEE CHAIR ON IMPORTANT DEVELOPMENTS* Legislation Sections 721-25 and 908 of the Taxpayer Refund and Relief Act of 1999, H.R. 2488, 106th Cong., 1st Sess., (vetoed by the President on September 23, 1999), contained several oil and gas tax relief provisions: (1) a 5-year carryback for net operating...