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- S.888
S.888: Oil Industry Tax Break Repeal Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced April 23, 2009
- Latest Major Action April 23, 2009
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Oil Industry Tax Break Repeal Act of 2009- Amends the Internal Revenue Code to: (1) limit the oil depletion allowance; (2) terminate accelerated depreciation of natural gas distribution lines and Alaska natural gas pipelines, expensing of equipment used in refining of liquid fuels, the tax deduction for intangible drilling and development costs and tertiary injectants, and the tax credits for enhanced oil recovery and for producing oil and gas...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Read twice and referred to the Committee on Finance.
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April 23, 2009 |
Introduced in the Senate by Charles E. Schumer (D-N.Y.) |