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.

Introduced:

Jun 3, 1980
96th Congress, 1979–1980

Status:
Died in a previous Congress

This bill was introduced on June 3, 1980, in a previous session of Congress, but was not enacted.

Sponsor:

James “Jake” Pickle
Representative for Texas's 10th congressional district
Democrat

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 ...

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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.

H.R. 7127 (identical)

Referred to Committee
Last Action: Apr 22, 1980

What is a bill?

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.

History

Introduced
Jun 3, 1980

Details

Cosponsors
2 cosponsors (1R, 1D) (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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Primary Source

THOMAS.gov (The Library of Congress)

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