HR 2869 · 94th Congress · Taxation

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

Introduced 1975-02-05· 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.(1975-02-05)

Plain Language Summary

[AI summary unavailable — showing source text] Eliminates the percentage oil and gas depletion allowance (presently allowed under the Internal Revenue Code) for taxable years beginning after December 31, 1974.…

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