US HB611 | 2009-2010 | 111th Congress

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 21 2009 - 25% progression, died in committee
Action: 2009-01-22 - Referred to the Subcommittee on Water Resources and Environment.
Pending: House Subcommittee on Water Resources and Environment Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Marginal Well Production Preservation and Enhancement Act - Amends the Internal Revenue Code to: (1) increase to 27.5% the percentage depletion allowance for domestic crude oil and natural gas production from marginal properties; (2) extend through 2010 the temporary suspension of the taxable income limit with respect to marginal production of crude oil and natural gas; and (3) accelerate to three years the recovery period of qualified tertiary injectant property for depreciation purposes. Amends the Clean Air Act with respect to emissions from small oil and gas exploration and production-related equipment. Amends the Federal Water Pollution Control Act to: (1) amend the definition of "wastewater treatment facility" to include produced water from an oil production facility; and (2) require the Administrator of the Environmental Protection Agency (EPA) to establish cost-effective minimal requirements for the prevention of oil and hazardous substance discharges for small facilities with oil storage capacities of less than 50,000 gallons at which no single tank exceeds a nominal capacity of 21,000 gallons.

Tracking Information

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Title

Marginal Well Production Preservation and Enhancement Act

Sponsors

Rep. Dan Boren [D-OK]

History

DateChamberAction
2009-01-22 Referred to the Subcommittee on Water Resources and Environment.
2009-01-22 Referred to the Subcommittee on Coast Guard and Maritime Transportation.
2009-01-22 Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
2009-01-22 Referred to the Subcommittee on Energy and Environment.
2009-01-21 Referred to House Transportation and Infrastructure
2009-01-21 Referred to House Energy and Commerce
2009-01-21 Referred to House Ways and Means
2009-01-21 Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Same As/Similar To

SB286 (Same As) 2009-01-21 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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