United States · Bill · HR
H.R. 497 (106th)
Emergency Oil and Gas Recovery Act
Introduced
2 February 1999
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
20 August 2025
Summary
Emergency Oil and Gas Recovery Act - Amends the Internal Revenue Code to exclude from gross income (if so elected by the taxpayer) income attributable to independent producer oil from a recovered inactive well. Includes both oil and natural gas in the definition of "independent producer oil." Prohibits deductions directly connected with amounts so excluded.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 2 February 1999
Introduced in House (PDF)
Introduced in House · EN · 2 February 1999
Introduced in House
summary · EN · 2 February 1999
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/106th-congress/house-bill/497
- Open data entity: https://api.congress.gov/v3/bill/106/hr/497