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United States · Bill · HR

H.R. 2178 (97th)

A bill to exempt certain royalty interests from the windfall profit tax.

openUnited States· United States Congress· EN

Introduced

25 February 1981

Last action

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Status

See H.R.4242.

Sponsors

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Subjects

Discovery layer

Source updated

7 February 2024

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Summary

Amends the Internal Revenue Code to exempt from the windfall profit tax crude oil from a qualified royalty interest. Defines "qualified royalty interest" to mean an economic interest other than an operating mineral interest.

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Documents

1 official file

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