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.
Latest action · Jan 21, 2009 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 21, 2009
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jan 21, 2009.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OK | Tom Coburn | Original | Jan 21, 2009 |
Actions 2
Everything that happened, newest first.
- Jan 21, 2009Introduced in Senate
- Jan 21, 2009Read twice and referred to the Committee on Finance.
Related bills 3
Companion bills and other measures the record links to this one.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jan 21, 2009Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.