A bill to amend the Internal Revenue Code of 1954 to provide that percentage depletion shall not be allowable for lease bonuses, advance royalties, or similar payments with respect to oil and gas properties.

Summary

Full Text

Legislative Actions

1. 1984-03-05

   Introduced in House

2. 1984-03-05

   Introduced in House

3. 1984-03-05

   Referred to House Committee on Ways and Means.

4. 1984-03-22

   Referred to Subcommittee on Select Revenue Measures.

5. 1984-10-03

   Subcommittee Hearings Held.