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, under the Internal Revenue Code of 1954, that the percentage depletion tax deduction shall not be allowed in the case of mines, wells, and other natural deposits located in foreign territory. (Amends 26 U.S.C. 613)

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

Timeline

1. 7 February 1973

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 7 February 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 February 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 7 February 1973

  Open at official source

Sponsors

• Rep. Dingell, John D. [D-MI-16] · D · Sponsor
• · hswm00 · Standing

Related records

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