US HB5104 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 21 2010 - 25% progression, died in committee
Action: 2010-04-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 21 2010 - 25% progression, died in committee
Action: 2010-04-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code with respect to the tax deduction for domestic oil related production activities to limit the 3% reduction in such deduction to major integrated oil companies (companies which have an average daily worldwide annual production of crude oil of at least 500,000 barrels and annual gross receipts in excess of $1 billion).
Title
To amend the Internal Revenue Code of 1986 to allow for the deduction for domestic oil related production activities of companies which are not major integrated oil companies.
Sponsors
| Rep. Devin Nunes [R-CA] | Rep. Earl Pomeroy [D-ND] |
History
| Date | Chamber | Action |
|---|---|---|
| 2010-04-21 | Referred to the House Committee on Ways and Means. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/5104/all-info |
| Text | https://www.congress.gov/111/bills/hr5104/BILLS-111hr5104ih.pdf |
