Bill114th CongressFiled Mar 2, 2016Taxation
H.R. 4672
To amend the Internal Revenue Code of 1986 to make permanent the exception for marginal production from the taxable income limit on percentage depletion for oil and natural gas wells.
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in house (Mar 2, 2016)
This bill 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.
What just happenedMar 2, 2016
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Jenkins, Lynn [R-KS-2](R-KS)Sponsor
1committees3actions1related bills2subjects
- Introduced in HouseMar 2, 2016
- Mar 2, 2016IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 2, 2016IntroReferralIntro-H
Introduced in House
- Mar 2, 2016IntroReferral1000
Introduced in House