A bill to amend the Internal Revenue Code of 1954 to allow certain small retailers who do not refine crude oil to use percentage depletion for a limited amount of their oil or natural gas production.

Summary

Allows, under the Internal Revenue Code, owners of retail outlets who do not refine crude oil to use the percentage depletion method of deducting investment expenses for their oil or natural gas production.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 6 November 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 6 November 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 November 1975

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 6 November 1975

  Open at official source

Sponsors

• Rep. Carr, Bob [D-MI-6] · D · Sponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.