United States · Bill · S
S. 1140 (94th)
A bill to amend the Internal Revenue Code of 1954 to phase out the percentage depletion deduction allowed for domestic oil and gas wells.
Introduced
11 March 1975
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Revises the Internal Revenue Code to phase out over a three-year period the percentage depletion allowance for domestic oil and gas wells, and to disallow such allowance for foreign oil and gas wells.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 11 March 1975
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/1140
- Open data entity: https://api.congress.gov/v3/bill/94/s/1140