HR 1064 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide that oil from any royalty interest shall be exempt from the windfall profit tax.

Introduced 1981-01-22· Sponsored by Rep. Hall, Sam B., Jr. [D-TX-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.R.4242.(1981-08-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from the windfall profit tax any domestic crude oil owned through a royalty interest.…

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

Cosponsors (20)

8 Democrats12 Republicans
Rep. Hightower, Jack E. [D-TX-13]TX
Rep. Lujan, Manuel, Jr. [R-NM-1]NM
Rep. Lungren, Daniel E. [R-CA-34]CA
Rep. Rousselot, John H. [R-CA-26]CA
Rep. Lagomarsino, Robert J. [R-CA-19]CA
Rep. Forsythe, Edwin B. [R-NJ-6]NJ
Rep. Boggs, Corinne C. (Lindy) [D-LA-2]LA
Rep. Beard, Robin [R-TN-6]TN
Rep. Daniel, W. C. (Dan) [D-VA-5]VA
Rep. Rhodes, John J. [R-AZ-1]AZ
Rep. Kindness, Thomas N. [R-OH-8]OH
Rep. Thomas, William M. [R-CA-18]CA
Rep. Evans, Billy Lee [D-GA-8]GA
Rep. Stenholm, Charles W. [D-TX-17]TX
Rep. Schroeder, Patricia [D-CO-1]CO
Rep. Frost, Martin [D-TX-24]TX
Rep. Stump, Bob [D-AZ-3]AZ
Rep. Collins, James M. [R-TX-3]TX
Rep. Stanton, J. William [R-OH-11]OH
Rep. Lott, Trent [R-MS-5]MS