S 2533 · 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 1000 barrels of daily production.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1980-04-02)
Plain Language Summary
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Amends the Internal Revenue Code to exempt independent producer oil and royalty oil from the windfall profits tax.…
Summarized by Claude AI · Non-partisan · For informational purposes only