S. 2674 · 115th 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
- 2018-04-16
- Latest action
- 2018-04-16 · Introduced in Senate
Summary
This bill amends the Internal Revenue Code to eliminate the taxable income limitation on the percentage depletion allowance for oil and natural gas produced from marginal properties.