HR 7725 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exempt independent producers and royalty owners from the windfall profit tax on the first one thousand barrels of daily production.

Introduced 1980-07-02· Sponsored by Rep. Archer, Bill [R-TX-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1980-07-02)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt independent producer oil and royalty owner oil from the windfall profit tax.…

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