United States · Bill · HR
H.R. 4670 (99th)
A bill to amend the Internal Revenue Code of 1954 to increase the depletion allowance for oil and natural gas, and to allow percentage depletion for stripper well production of integrated producers.
Introduced
23 April 1986
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to increase the percentage depletion allowance for oil and gas wells from 15 percent to 27 1/2 percent. Allows a percentage depletion allowance for stripper well oil and natural gas production of certain retailers and refiners.
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Votes
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 23 April 1986
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/house-bill/4670
- Open data entity: https://api.congress.gov/v3/bill/99/hr/4670