HR 4672 · 114th Congress · Taxation

To amend the Internal Revenue Code of 1986 to make permanent the exception for marginal production from the taxable income limit on percentage depletion for oil and natural gas wells.

Introduced 2016-03-02· Sponsored by Rep. Jenkins, Lynn [R-KS-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2016-03-02)

Plain Language Summary

[AI summary unavailable — showing source text] This bill amends the Internal Revenue Code to make permanent 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