S 1524 · 94th Congress · Depletion allowances

A bill to terminate percentage depletion for oil and gas wells.

Introduced 1975-04-24· Sponsored by Sen. Hathaway, William D. [D-ME]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1975-04-24)

Plain Language Summary

[AI summary unavailable — showing source text] Eliminates the percentage depletion allowance presently permitted under the Internal Revenue Code for oil and gas wells.…

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