S. 3063 — A bill to repeal the depletion allowance on mineral production on lands owned by the U.S. Government.

Summary

Disallows the depletion allowance, under the Internal Revenue Code, for oil, gas and other mineral production on lands owned by or leased from the United States Government. (Adds 26 U.S.C. 613(f))

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1974-02-26
Introduced in Senate
1974-02-26
Referred to Senate Committee on Finance.

A bill to repeal the depletion allowance on mineral production on lands owned by the U.S. Government.

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