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- S.2322
S.2322: A bill to amend the Internal Revenue Code of 1986 to change the determination of the 50,000-barrel refinery limitation on oil depletion deduction from a daily basis to an annual average daily basis.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced July 16, 1998
- Latest Major Action July 16, 1998
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (2 Democrats, 4 Republicans)
Bill Summary
Amends the Internal Revenue Code to change the determination of the 50,000 barrel-per-day refinery limitation concerning the oil depletion deduction to a 50,000 annual average daily basis limitation.
(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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July 16, 1998 |
Introduced in the Senate by John B. Breaux (D-La.) |