HR 17142 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to eliminate the percentage oil and gas depletion allowance.

Introduced 1974-10-08· Sponsored by Rep. Brademas, John [D-IN-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-10-08)

Plain Language Summary

[AI summary unavailable — showing source text] Eliminates under the Internal Revenue Code of 1954 the percentage oil and gas depletion allowance for taxable years ending on or before December 31, 1974. (Amends 26 U.S.C. 613(b)(1)(A))…

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