A bill to repeal the depletion allowance on mineral production on lands owned by the U.S. Government.

Summary

Disallows the depletion allowance, under the Internal Revenue Code, for oil, gas and other mineral production on lands owned by or leased from the United States Government. (Adds 26 U.S.C. 613(f))

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

Timeline

1. 26 February 1974

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 26 February 1974

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 26 February 1974

  Open at official source

Sponsors

• Sen. Abourezk, James [D-SD] · D · Sponsor
• Sen. Humphrey, Hubert H. [D-MN] · D · Cosponsor
• · ssfi00 · Standing

Related records

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