HR 1816 · 103th Congress · Taxation

Stripper Well Operators Preservation Act of 1993

Introduced 1993-04-22· Sponsored by Rep. Brewster, Bill K. [D-OK-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1993-04-22)

Plain Language Summary

[AI summary unavailable — showing source text] Stripper Well Operators Preservation Act of 1993 - Amends the Internal Revenue Code to increase the percentage depletion for stripper wells. Repeals the net income limitation on percentage depletion for oil and gas properties. Expands the enhanced oil recovery tax credit to apply to stripper well production costs.…

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

Cosponsors (10)

7 Democrats3 Republicans
Rep. McCrery, Jim [R-LA-5]LA
Rep. Geren, Pete [D-TX-12]TX
Rep. Poshard, Glenn [D-IL-19]IL
Rep. Hall, Ralph M. [D-TX-4]TX
Rep. Houghton, Amo [R-NY-31]NY
Rep. Coleman, Ronald D. [D-TX-16]TX
Rep. Williams, Pat [D-MT-1]MT
Rep. Stenholm, Charles W. [D-TX-17]TX
Rep. Wilson, Charles [D-TX-2]TX
Rep. Dickey, Jay [R-AR-4]AR