HR 10055 · 93th Congress · Petroleum industry

A bill to amend the Internal Revenue Code of 1954 to eliminate the percentage depletion method for determining the deduction for depletion of oil and gas wells.

Introduced 1973-09-05· Sponsored by Rep. Minish, Joseph G. [D-NJ-11]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-09-05)

Plain Language Summary

[AI summary unavailable — showing source text] Eliminates the percentage depletion method for determining the deduction for depletion of oil and gas wells under the Internal Revenue Code.…

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