HR 1613 · 100th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to increase the rate of percentage depletion for oil and gas wells to 27 1/2 percent.

Introduced 1987-03-16· Sponsored by Rep. Archer, Bill [R-TX-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1987-03-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the amount of the percentage depletion allowance for oil and gas wells from 15 percent to 27 1/2 percent.…

Summarized by Claude AI · Non-partisan · For informational purposes only