H.R. 7481 (96th): A bill to amend the Internal Revenue Code of 1954 to provide more equitable treatment of royalty owners under the crude oil windfall profit tax.
Jun 3, 1980
96th Congress, 1979–1980
Died in a previous Congress
This bill was introduced on June 3, 1980, in a previous session of Congress, but was not enacted.
James “Jake” Pickle
Representative for Texas's 10th congressional district
About the bill
- Summary (CRS)
- 6/3/1980--Introduced.Amends the Internal Revenue Code to exempt a certain portion of royalty owner oil production from the windfall profit tax. Limits the amount so exempted per quarter to ten barrels ...
Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.
Referred to Committee
Last Action: Apr 22, 1980
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The “H.R.” in “H.R. 7481” means this is a House of Representatives 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.
2 cosponsors (1R, 1D) (show)
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There have been no votes related to this bill.
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Civic Impulse. (2015). H.R. 7481 — 96th Congress: A bill to amend the Internal Revenue Code of 1954 to provide more equitable treatment .... Retrieved from https://www.govtrack.us/congress/bills/96/hr7481
“H.R. 7481 — 96th Congress: A bill to amend the Internal Revenue Code of 1954 to provide more equitable treatment ....” www.GovTrack.us. 1980. March 28, 2015 <https://www.govtrack.us/congress/bills/96/hr7481>
|title=H.R. 7481 (96th)
|accessdate=March 28, 2015
|author=96th Congress (1980)
|date=June 3, 1980
|quote=A bill to amend the Internal Revenue Code of 1954 to provide more equitable treatment ...