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- S.2674
S.2674: A bill to amend the Internal Revenue Code of 1986 to eliminate the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties.
About This Bill
- Introduced April 16, 2018
- Latest Major Action April 16, 2018
- See the six similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - April 16, 2018
Bill Summary
This bill amends the Internal Revenue Code to eliminate the taxable income limitation on the percentage depletion allowance for oil and natural gas produced from marginal properties.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 16, 2018 |
Read twice and referred to the Committee on Finance.
|
| April 16, 2018 |
Introduced in the Senate by James M. Inhofe (R-Okla.) |