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- H.R.3311
H.R.3311: End Oil and Gas Tax Subsidies Act of 2015
About This Bill
- Introduced July 29, 2015
- Latest Major Action July 29, 2015
Bill Sponsor
Bill Cosponsors
21 (All Democrats)
Bill Summary
End Oil and Gas Tax Subsidies Act of 2015 This bill amends the Internal Revenue Code to: increase to seven years the amortization period for geological and geophysical expenditures; repeal the tax credits for producing oil and gas from marginal wells and for enhanced oil recovery; repeal the tax deduction for the intangible drilling and development costs of oil and gas wells; repeal percentage depletion for oil and gas wells; repeal the...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| July 29, 2015 |
Referred to the House Committee on Ways and Means.
|
| July 29, 2015 |
Introduced in the House by Earl Blumenauer (D-Ore.) |