HR 4209 · 111th Congress · Taxation

To amend the Internal Revenue Code of 1986 to suspend for an additional year the taxable income limit on percentage depletion for oil and natural gas from marginal wells.

Introduced 2009-12-03· Sponsored by Rep. Teague, Harry [D-NM-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2009-12-03)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to extend through 2010 the suspension of the taxable income limitation on percentage depletion for oil and natural gas produced from marginal properties.…

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

Cosponsors (1)

1 Republican
Rep. Lummis, Cynthia M. [R-WY-At Large]WY