US HB1961 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 24 2011 - 25% progression, died in committee
Action: 2011-05-24 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 24 2011 - 25% progression, died in committee
Action: 2011-05-24 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
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.
Sponsors
| Rep. Dan Boren [D-OK] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-05-24 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB1007 (Same As) 2011-05-18 - Sponsor introductory remarks on measure. (CR S3107)
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/1961/all-info |
| Text | https://www.congress.gov/112/bills/hr1961/BILLS-112hr1961ih.pdf |
