A bill to amend the Internal Revenue Code of 1954 to allow the deduction for percentage depletion (other than with respect to oil and gas wells) to the shareholders of a subchapter S corporation in lieu of allowing such deduction to the corporation.

referredUnited States· United States Congress· EN

Introduced

27 April 1982

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow the deduction for excess percentage depletion (other than with respect to oil and gas wells) to the shareholders of a subchapter S corporation in lieu of allowing such deduction to the corporation.

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 27 April 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/6174
Open data entity: https://api.congress.gov/v3/bill/97/hr/6174