A bill to amend the Internal Revenue Code of 1954 to provide that percentage depletion shall not be allowed in the case of mines, wells, and other natural deposits located in foreign territory.

Summary

Provides that the percentage depletion deduction under the Internal Revenue Code shall not be allowed in the case of mines, wells, and other natural deposits located in foreign territory.

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

Timeline

1. 12 March 1974

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 12 March 1974

   Introduced

   Introduced in House

   Source: IntroReferral

3. 12 March 1974

   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 · 12 March 1974

  Open at official source

Sponsors

• Rep. McDade, Joseph M. [R-PA-10] · R · Sponsor
• · hswm00 · Standing

Related records

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