To amend the Internal Revenue Code of 1986 to repeal the luxury tax on boats and to offset the revenue loss from that repeal by repealing certain changes in the percentage depletion provisions of such Code.

Summary

Amends the Internal Revenue Code to repeal the luxury excise tax on boats. Repeals provisions of the Omnibus Budget Reconciliation Act of 1990 with respect to modifications of percentage depletion in the case of oil and gas wells.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 January 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 5 January 1993

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• Introduced in House

  summary · EN · 5 January 1993

  Open at official source

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