A bill to amend the Internal Revenue Code of 1954 to provide more equitable treatment of royalty owners under the crude oil windfall profit tax.

Summary

Amends the Internal Revenue Code to exempt royalty owners of oil and gas interests from the windfall profit tax to the extent of ten barrels of production per day.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 28 April 1980

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 28 April 1980

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 April 1980

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 28 April 1980

  Open at official source

Sponsors

• Rep. Stenholm, Charles W. [D-TX-17] · D · Sponsor
• Rep. Anthony, Beryl, Jr. [D-AR-4] · D · Cosponsor
• · hswm00 · Standing

Related records

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