HR 599 · 98th Congress · Taxation

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

Introduced 1983-01-06· Sponsored by Rep. Hall, Sam B., Jr. [D-TX-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1983-01-06)

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 (8)

4 Democrats4 Republicans
Rep. Stump, Bob [R-AZ-3]AZ
Rep. Patman, William N. [D-TX-14]TX
Rep. Edwards, Mickey [R-OK-5]OK
Rep. Barnard, Doug, Jr. [D-GA-10]GA
Rep. Forsythe, Edwin B. [R-NJ-13]NJ
Rep. Loeffler, Tom [R-TX-21]TX
Rep. Watkins, Wes [D-OK-3]OK
Rep. Stenholm, Charles W. [D-TX-17]TX