HR 7439 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exempt from the crude oil windfall profit tax certain interest acquired by institutions of higher education after January 21, 1980.

Introduced 1980-05-22· Sponsored by Rep. Stenholm, Charles W. [D-TX-17]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1980-05-22)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from application of the crude oil windfall profit tax an economic interest in crude oil acquired after January 21, 1980, by an otherwise tax-exempt institution of higher learning.…

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