HR 1701 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exempt from the windfall profit tax the first 1,000 barrels a day of crude oil production of independent producers and royalty holders.

Introduced 1981-02-05· Sponsored by Rep. Collins, James M. [R-TX-3]· 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 provide a limited exemption of independent producer oil from the windfall profit tax.…

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