United States · Bill · S
S. 785 (109th)
A bill to amend the Internal Revenue Code of 1986 to modify the small refiner exception to the oil depletion deduction.
Introduced
14 April 2005
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
5 December 2025
Summary
Amends the Internal Revenue Code to revise the definition of certain small crude oil refiners eligible for the exemption from limitations applicable to the percentage depletion allowance for oil and gas wells to provide that such refiners will qualify for the exemption if their average daily refinery runs do not exceed 75,000 barrels (currently, 50,000 barrels).
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 14 April 2005
Introduced in Senate (PDF)
Introduced in Senate · EN · 14 April 2005
Introduced in Senate
summary · EN · 14 April 2005
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/109th-congress/senate-bill/785
- Open data entity: https://api.congress.gov/v3/bill/109/s/785