Stripper Well Operators Preservation Act of 1993 - Amends the Internal Revenue Code to increase the percentage depletion for stripper wells.
Repeals the net income limitation on percentage depletion for oil and gas properties.
Expands the enhanced oil recovery tax credit to apply to stripper well production costs.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E1007-1009)
Referred to the House Committee on Ways and Means.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line