US Congress Senate Bill 286 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 21 2009 - 25% progression, died in chamber
Action: 2009-01-21 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]

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.

Marginal Well Production Preservation and Enhancement Act

Sen. James Inhofe [R-OK]

Date	Chamber	Action
2009-01-21		Read twice and referred to the Committee on Finance.

HB611 (Same As) 2009-01-22 - Referred to the Subcommittee on Water Resources and Environment.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/286/all-info
Text	https://www.congress.gov/111/bills/s286/BILLS-111s286is.pdf