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- H.R.4672
H.R.4672: To amend the Internal Revenue Code of 1986 to make permanent the exception for marginal production from the taxable income limit on percentage depletion for oil and natural gas wells.
About This Bill
- Introduced March 2, 2016
- Latest Major Action March 2, 2016
Bill Sponsor
Bill Summary
This bill amends the Internal Revenue Code to make permanent the suspension of the taxable income limitation on percentage depletion for oil and natural gas produced from marginal properties.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 2, 2016 |
Referred to the House Committee on Ways and Means.
|
| March 2, 2016 |
Introduced in the House by Lynn Jenkins (R-Kan.) |