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.

Summary

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Related Legislation

• H.R. 671In Memory Medal for Forgotten Veterans Act

  2009-02-06Referred to the Subcommittee on Military Personnel.

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• H.R. 4209To amend the Internal Revenue Code of 1986 to suspend for an additional year the taxable income limit on percentage depletion for oil and natural gas from marginal wells.

  2009-12-03Referred to the House Committee on Ways and Means.

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• S. 289A 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.

  2009-01-21Read twice and referred to the Committee on Finance.

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Legislative Actions

1. 2009-02-04

   Introduced in House

2. 2009-02-04

   Introduced in House

3. 2009-02-04

   Referred to the House Committee on Ways and Means.