H.R. 1961 · 112th Congress
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
- Dan Boren
- Introduced
- 2011-05-24
- Latest action
- 2011-05-24 · Introduced in House
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.