US SB1007 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on May 17 2011 - 25% progression, died in chamber
Action: 2011-05-18 - Sponsor introductory remarks on measure. (CR S3107)
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 17 2011 - 25% progression, died in chamber
Action: 2011-05-18 - Sponsor introductory remarks on measure. (CR S3107)
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
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.
Sponsors
| Sen. James Inhofe [R-OK] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-05-18 | Senate | Sponsor introductory remarks on measure. (CR S3107) |
| 2011-05-17 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB1961 (Same As) 2011-05-24 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/1007/all-info |
| Text | https://www.congress.gov/112/bills/s1007/BILLS-112s1007is.pdf |
