S.2196 - Federal Government - A bill to amend the Internal Revenue Code of 1986 to extend the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties.

Please upgrade your Flash Player Home > Federal Government > S.2196 Tagged in: Depletion allowances, Energy, Income tax, Natural gas, Oil well drilling, Taxation Latest Update: Friday, July, 25th 2008 A bill to amend the Internal Revenue Code of 1986 to extend the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties. 10/18/2007--Introduced. Amends the Internal Revenue Code to extend through 2009 the suspension of the taxable income limitation on percentage depletion for oil and natural gas produced from marginal properties. Comment on Bill - Be the first to leave a comment! Latest Actions 10/18/2007 - Referred to the Committee on Finance. Bill Text File name Last Updated S.2196 Introduced in Senate 10/27/2007

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