HRES 505 · 95th Congress · Congress
Resolution directing the Committee on Ways and Means to investigate and study the feasibility of increasing the Social Security Trust Fund through the imposition of a severance tax on certain natural resources and, if such tax is found to be feasible, to direct such committee to draft legislation based on the findings of that investigation and study.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Rules.(1977-04-20)
Plain Language Summary
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Directs the House Committee on Ways and Means to conduct a study of the feasibility of imposing a severance tax on natural resources removed from U.S. land for the purpose of increasing funds in the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund.…
Summarized by Claude AI · Non-partisan · For informational purposes only