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United States · Bill · S

S. 85 (97th)

A bill to amend the Internal Revenue Code of 1954 to exempt independent producers and royalty owners from windfall profit tax on the first 1,000 barrels of daily production.

referredUnited States· United States Congress· EN

Introduced

15 January 1981

Last action

15 January 1981 · Introduced

Status

Read second time and referred to Senate Committee on Finance.

Sponsors

Sen. Bentsen, Lloyd M. [D-TX], Sen. Johnston, J. Bennett [D-LA], Sen. Tower, John G. [R-TX], Sen. Helms, Jesse [R-NC], Sen. East, John P. [R-NC]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to exempt independent-producer oil and royalty-owner oil from the windfall profit tax.

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

Timeline

  1. 15 January 1981

    Introduced

    Read second time and referred to Senate Committee on Finance.

    Source: IntroReferral

  2. 15 January 1981

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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Sponsors

Related records

Sources

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