H.R.611: Marginal Well Production Preservation and Enhancement Act

About This Bill

Bill Sponsor

Bill Summary

Marginal Well Production Preservation and Enhancement Act - Amends the Internal Revenue Code to: (1) increase to 27.5% the percentage depletion allowance for domestic crude oil and natural gas production from marginal properties; (2) extend through 2010 the temporary suspension of the taxable income limit with respect to marginal production of crude oil and natural gas; and (3) accelerate to three years the recovery period of qualified...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with H.R.611.

Bill Actions

Date Description
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Ways and Means
Referred to House Energy and Commerce
Referred to House Transportation and Infrastructure
Referred to the Subcommittee on Energy and Environment.
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Referred to the Subcommittee on Water Resources and Environment.
Jan. 21, 2009

Introduced in the House by Dan Boren (D-Okla.)

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