H.R. 4672 - To Amend the Internal Revenue Code of 1986 to Make Permanent the Exception for Marginal Production from the Taxable Income Limit on Percentage Depletion for Oil and Natural Gas Wells.
- Sponsor:
- Lynn Jenkins
- Summary:
- To amend the Internal Revenue Code of 1986 to make permanent the exception for marginal production from the taxable income limit on percentage depletion for oil and natural gas wells. (by CRS)
- Status:
- The bill has been referred to committee.
To Amend the Internal Revenue Code of 1986 to Make Permanent the Exception for Marginal Production from the Taxable Income Limit on Percentage Depletion for Oil and Natural Gas Wells.
H.R. 4672 — 114th Congress (2015–2016)
- Summary
- To amend the Internal Revenue Code of 1986 to make permanent the exception for marginal production from the taxable income limit on percentage depletion for oil and natural gas wells. (by CRS)
- Learn More
- At OpenCongress
- Title
- To amend the Internal Revenue Code of 1986 to make permanent the exception for marginal production from the taxable income limit on percentage depletion for oil and natural gas wells.
- Other Titles
- To amend the Internal Revenue Code of 1986 to make permanent the exception for marginal production from the taxable income limit on percentage depletion for oil and natural gas wells.
- Sponsor
- Lynn Jenkins
- Co-Sponsors
- Subjects
- Taxation
- Income tax deductions
- Oil and gas
- Related Bills
- Major Actions
Introduced 3/02/2016 Referred to Committee - Bill History
-
There have been no votes on this bill.
Action Date Description Introduced 3/02/2016 3/02/2016 Referred to the House Committee on Ways and Means. 3/02/2016 Introduced in House Number Sponsor Date Offered Status
Contributions
- November - December 2014 For $77,125 Against $0
- January - February 2015 For $385,063 Against $0
- March - April 2015 For $1,210,488 Against $0
- May - June 2015 For $1,206,255 Against $0
- July - August 2015 For $507,989 Against $0
- September - October 2015 For $812,909 Against $0
- November - December 2015 For $687,649 Against $0
- January - February 2016 For $724,560 Against $0
- March - April 2016 For $1,115,414 Against $0
- May - June 2016 For $1,104,887 Against $0
- July - August 2016 For $616,561 Against $0
- September - October 2016 For $1,377,043 Against $0
- November - December 2016 For $185,673 Against $0
Votes
Contributions data source: OpenSecrets.org