S. 948 · 114th 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
- 2015-04-15
- Latest action
- 2015-04-15 · Introduced in Senate
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.