Marginal Well Production Preservation and Enhancement Act

Summary

Marginal Well Production Preservation and Enhancement Act - Amends the Internal Revenue Code to: (1) increase to 27.5% the percentage depletion allowance for domestic crude oil and natural gas production from marginal properties; (2) extend through 2010 the temporary suspension of the taxable income limit with respect to marginal production of crude oil and natural gas; and (3) accelerate to three years the recovery period of qualified tertiary injectant property for depreciation purposes. Amends the Clean Air Act with respect to emissions from small oil and gas exploration and production-related equipment. Amends the Federal Water Pollution Control Act to: (1) amend the definition of "wastewater treatment facility" to include produced water from an oil production facility; and (2) require the Administrator of the Environmental Protection Agency (EPA) to establish cost-effective minimal requirements for the prevention of oil and hazardous substance discharges for small facilities with oil storage capacities of less than 50,000 gallons at which no single tank exceeds a nominal capacity of 21,000 gallons.

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Timeline

1. 21 January 2009

   Introduced

   Referred to House Ways and Means

   Source: IntroReferral

2. 21 January 2009

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 21 January 2009

   Introduced

   Introduced in House

   Source: IntroReferral

4. 21 January 2009

   Introduced

   Introduced in House

   Source: IntroReferral

5. 22 January 2009

   Referred

   Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 21 January 2009 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 January 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 21 January 2009

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 21 January 2009

  Open at official source

Sponsors

• Rep. Boren, Dan [D-OK-2] · D · Sponsor
• · hspw00 · Standing
• · hsif00 · Standing
• · hswm00 · Standing

Related records

• related to ← Marginal Well Production Preservation and Enhancement Act