Bill114th CongressFiled Apr 15, 2015Taxation
S. 948
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.
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Under committee review
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What it doesSummary introduced in senate (Apr 15, 2015)
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 happenedApr 15, 2015
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Inhofe, James M. [R-OK](R-OK)Sponsor
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- Introduced in SenateApr 15, 2015
- Apr 15, 2015IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Apr 15, 2015IntroReferral10000
Introduced in Senate