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- H.R.871
H.R.871: To amend the Internal Revenue Code of 1986 to provide that the taxable income limit on the allowance for depletion shall not apply in 2008 to domestic marginal oil or gas wells.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Feb. 4, 2009
- Latest Major Action Feb. 4, 2009
Bill Sponsor
Bill Cosponsors
16 (6 Democrats, 11 Republicans)
Bill Summary
Amends the Internal Revenue Code to provide that the taxable income limitation on percentage depletion for oil and natural gas produced from marginal properties shall not apply in 2008.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Feb. 4, 2009 |
Introduced in the House by K. Michael Conaway (R-Texas) |