HR 871 · 111th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide that the taxable income limit on the allowance for depletion shall not apply in 2008 to domestic marginal oil or gas wells.

Introduced 2009-02-04· Sponsored by Rep. Conaway, K. Michael [R-TX-11]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2009-02-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that the taxable income limitation on percentage depletion for oil and natural gas produced from marginal properties shall not apply in 2008.…

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

Cosponsors (16)

6 Democrats10 Republicans
Rep. Boren, Dan [D-OK-2]OK
Rep. Olson, Pete [R-TX-22]TX
Rep. Brady, Kevin [R-TX-8]TX
Rep. Carter, John R. [R-TX-31]TX
Rep. Burgess, Michael C. [R-TX-26]TX
Rep. Barton, Joe [R-TX-6]TX
Rep. Culberson, John Abney [R-TX-7]TX
Rep. Thornberry, Mac [R-TX-13]TX
Rep. Boustany, Charles W., Jr. [R-LA-7]LA
Rep. Scalise, Steve [R-LA-1]LA
Rep. Neugebauer, Randy [R-TX-19]TX
Rep. Green, Gene [D-TX-29]TX
Rep. Rodriguez, Ciro D. [D-TX-23]TX
Rep. Ortiz, Solomon P. [D-TX-27]TX
Rep. Reyes, Silvestre [D-TX-16]TX
Rep. Gonzalez, Charles A. [D-TX-20]TX