A bill to amend paragraph 5 section 613 A (c) of the Internal Revenue Code of 1954.

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Status In Committee
Sponsor Malcolm Wallop
Citation 96-S-882
Actions 2
Introduced Apr 4th, 1979
Cosponsors
4 2
Last Action Apr 4th, 1979
Policy Area
✓
Introduced Senate Apr 4
Senate
House
President
Enacted

Summary

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What this bill does

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Amends the Internal Revenue Code to eliminate the scheduled rate reduction in the percentage depletion allowance for oil and natural gas production.

Actions

2
Senate
INTRODUCED
INTRODUCED
Apr 4, 1979
ON FLOOR
REFERRED TO COMMITTEE
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