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
Total contributions given to House members from interest groups that…
Contributions data source: OpenSecrets.org