United States · Bill · S
S. 905 (110th)
A bill to amend the Internal Revenue Code of 1986 to eliminate the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties.
Introduced
15 March 2007
Last action
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Status
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3213)
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
Summary
Amends the Internal Revenue Code to make permanent the suspension of the taxable income limitation on percentage depletion for oil and natural gas produced from marginal properties.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
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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 · EN · 15 March 2007
Introduced in Senate (PDF)
Introduced in Senate · EN · 15 March 2007
Introduced in Senate
summary · EN · 15 March 2007
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/110th-congress/senate-bill/905
- Open data entity: https://api.congress.gov/v3/bill/110/s/905