HR 10903 · 94th Congress · Depletion allowances

A bill to repeal percentage depletion on oil and gas royalties.

Introduced 1975-12-01· Sponsored by Rep. Green, William J. [D-PA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-12-01)

Plain Language Summary

[AI summary unavailable — showing source text] Revises the Internal Revenue Code to provide that the percentage depletion on oil and gas royalties shall not apply to income derived from a nonoperating mineral interest.…

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