Bill115th CongressFiled Apr 16, 2018Taxation
S. 2674
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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What it doesSummary introduced in senate (Apr 16, 2018)
This bill amends the Internal Revenue Code to eliminate the taxable income limitation on the percentage depletion allowance for oil and natural gas produced from marginal properties.
What just happenedApr 16, 2018
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 16, 2018
- Apr 16, 2018IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Apr 16, 2018IntroReferral10000
Introduced in Senate