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.

Summary

Full Text

Related Legislation

• H.R. 871To 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.

  2009-02-04Referred to the House Committee on Ways and Means.

  Related
• 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.

  Related
• H.R. 617To 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.

  2009-01-21Referred to the House Committee on Ways and Means.

  Related

Legislative Actions

1. 2009-01-21

   Introduced in Senate

2. 2009-01-21

   Read twice and referred to the Committee on Finance.