S 92 · 97th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to provide, in lieu of the reduced rates for independent producer oil, an exemption of 1,000 barrels per day from the crude oil windfall profit tax for independent producers and royalty owners.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read second time and referred to Senate Committee on Finance.(1981-01-15)
Plain Language Summary
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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
Cosponsors (3)
3 Republicans