S 3063 · 93th Congress · Public Lands and Natural Resources

A bill to repeal the depletion allowance on mineral production on lands owned by the U.S. Government.

Introduced 1974-02-26· Sponsored by Sen. Abourezk, James [D-SD]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1974-02-26)

Plain Language Summary

[AI summary unavailable — showing source text] Disallows the depletion allowance, under the Internal Revenue Code, for oil, gas and other mineral production on lands owned by or leased from the United States Government. (Adds 26 U.S.C. 613(f))…

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

Cosponsors (1)

1 Democrat
Sen. Humphrey, Hubert H. [D-MN]MN