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S. 1833

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.

Amends the Internal Revenue Code to make permanent the suspension of the taxable income limitation on percentage depletion for oil and natural gas produced from marginal properties.

Read twice and referred to the Committee on Finance.

Sen. Inhofe, James M. [R-OK](R-OK)Sponsor
1committees3actions2subjects
  • Introduced in SenateDec 17, 2013
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

  2. IntroReferralB00100

    Sponsor introductory remarks on measure. (CR S8915)

  3. IntroReferral10000

    Introduced in Senate

A bill to amend the Internal Revenue Code of 1986 to eliminate the taxable income limit on… — Informed