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United States · Bill · HR

H.R. 2002 (97th)

A bill to amend the Internal Revenue Code of 1954 to exempt from the windfall profit tax the first 250 barrels a day of crude oil production of independent producers and royalty holders.

openUnited States· United States Congress· EN

Introduced

23 February 1981

Last action

Status

See H.R.4242.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to exempt independent oil producers, in an amount equal to 250 barrels of crude oil multiplied by the number of days in the quarter, from the windfall profit tax.

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Documents

1 official file

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Sources

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