S. 289 (111th): 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:

Jan 21, 2009
111th Congress, 2009–2010

Status:
Died in a previous Congress

This bill was introduced on January 21, 2009, in a previous session of Congress, but was not enacted.

Sponsor:

James “Jim” Inhofe
Senator from Oklahoma
Republican

Text:

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Last Updated: Jan 21, 2009
Length: 2 pages

About the bill

Summary (CRS)
1/21/2009--Introduced.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.

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Related Bills

Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.

S. 905 (110th) was a previous version of this bill.

Referred to Committee
Last Action: Mar 15, 2007

S. 1007 (112th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: May 17, 2011

What is a bill?

The “S.” in “S. 289” means this is a Senate bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

The bill’s title was written by its sponsor.

History

Introduced
Jan 21, 2009

Details

Cosponsors
1 cosponsors (1R) (show)
Committee Assignments

The committee chair determines whether a bill will move past the committee stage.

Votes

There have been no votes related to this bill.

Subject Areas
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Links & tools

Primary Source

THOMAS.gov (The Library of Congress)

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