SENATE 1217116th CongressRead twice and referred to the Committee on Finance.
A bill to amend the Internal Revenue Code of 1986 to eliminate the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties.
- Last Action
- 4/11/2019
Actions
- 2019-04-11Read twice and referred to the Committee on Finance.
- 2019-04-11Introduced in Senate
CRS Summary
As of 2019-04-11 (00)
This bill modifies the tax requirements for certain oil and gas companies to eliminate the taxable income limitation on the percentage depletion allowance for oil and natural gas produced from marginal properties.
Subjects
- Income tax deductions
- Oil and gas
Sourced from Congress.gov (public domain).
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