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United States · Bill · HR

H.R. 4587 (97th)

Economic Recovery Tax Reform Act of 1981

referredUnited States· United States Congress· EN

Introduced

24 September 1981

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

29 August 2025

Summary

Economic Recovery Tax Reform Act of 1981 - Repeals provisions in the Economic Recovery Tax Act of 1981 regarding the windfall profit tax which: (1) increase the credit for royalty owners for 1981 and exempt royalty oil for 1982 and thereafter; (2) reduce the tax imposed on newly discovered oil; and (3) exempt independent producer stripper well oil.

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Documents

1 official file

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Sources

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