Ask AI
S. 3349

A bill to amend the Internal Revenue Code of 1954 to eliminate percentage depletion for oil and gas wells over a three-year period.

A plain-language summary from the Congressional Research Service isn’t available yet for this bill. CRS summaries are typically posted within a few weeks of introduction.

Referred to Senate Committee on Interior and Insular Affairs.

Sen. Biden, Joseph R., Jr. [D-DE](D-DE)Sponsor
A bill to amend the Internal Revenue Code of 1954 to eliminate percentage depletion for oi… — Informed