H.R. 4209 · 111th Congress
To amend the Internal Revenue Code of 1986 to suspend for an additional year the taxable income limit on percentage depletion for oil and natural gas from marginal wells.
- Stage
- In committee
- Sponsor
- Harry Teague
- Introduced
- 2009-12-03
- Latest action
- 2009-12-03 · Introduced in House
Summary
Amends the Internal Revenue Code to extend through 2010 the suspension of the taxable income limitation on percentage depletion for oil and natural gas produced from marginal properties.