S. 905 · 110th Congress
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.
- Stage
- In committee
- Sponsor
- Jim Inhofe
- Introduced
- 2007-03-15
- Latest action
- 2007-03-15 · Introduced in Senate
Subjects
Taxation
Energy
Income tax
Natural gas
Depletion allowances
Oil well drilling