HR 870 · 106th Congress · Taxation

To amend the Internal Revenue Code of 1986 to change the determination of the 50,000-barrel refinery limitation on oil depletion deduction from a daily basis to an annual average daily basis.

Introduced 1999-02-25· Sponsored by Rep. McCrery, Jim [R-LA-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1999-02-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to change the determination of the 50,000 barrel-per-day refinery limitation concerning the oil depletion deduction to a 50,000 annual average daily basis limitation.…

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

Cosponsors (20)

3 Democrats17 Republicans
Rep. Livingston, Bob [R-LA-1]LA
Rep. Baker, Richard H. [R-LA-6]LA
Rep. Cooksey, John [R-LA-5]LA
Rep. John, Christopher [D-LA-7]LA
Rep. Tauzin, W. J. (Billy) [R-LA-3]LA
Rep. Jefferson, William J. [D-LA-2]LA
Rep. Johnson, Sam [R-TX-3]TX
Rep. Thornberry, Mac [R-TX-13]TX
Rep. Sandlin, Max [D-TX-1]TX
Rep. Largent, Steve [R-OK-1]OK
Rep. English, Phil [R-PA-21]PA
Rep. Schaffer, Bob [R-CO-4]CO
Rep. Watts, J. C., Jr. [R-OK-4]OK
Rep. Watkins, Wes [R-OK-3]OK
Rep. Istook, Ernest J., Jr. [R-OK-5]OK
Rep. Coburn, Tom [R-OK-2]OK
Rep. Hefley, Joel [R-CO-5]CO
Rep. Lucas, Frank D. [R-OK-6]OK
Rep. Pickering, Charles W. "Chip" [R-MS-3]MS
Rep. Tancredo, Thomas G. [R-CO-6]CO