HR 307 · 97th Congress · Taxation
A bill to exempt limited amounts of oil production by independent producers from the windfall profits tax and for other purposes.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: See H.R.4242.(1981-08-04)
Plain Language Summary
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Exempts independent oil producers, in an amount equal to 1,000 barrels of crude oil multiplied by the number of days in the taxable period, from the windfall profit tax.…
Summarized by Claude AI · Non-partisan · For informational purposes only