United States · Bill · S
S. 3349 (93rd)
A bill to amend the Internal Revenue Code of 1954 to eliminate percentage depletion for oil and gas wells over a three-year period.
Introduced
11 April 1974
Last action
—
Status
Referred to Senate Committee on Interior and Insular Affairs.
Sponsors
—
Subjects
Discovery layer
Source updated
24 March 2026
Summary
Eliminates, under the Internal Revenue Code of 1954, the percentage depletion rates for oil and gas wells for taxable years beginning after December 31, 1976. Reduces the percentage depletion rate for oil and gas wells over the next three year period.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 11 April 1974
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/93rd-congress/senate-bill/3349
- Open data entity: https://api.congress.gov/v3/bill/93/s/3349