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HR 2072 105th Congress House Taxation Business income tax Commerce Energy Gas industry Income tax Petroleum industry Secondary recovery of gas Secondary recovery of oil Tax exclusion

Inactive Well Recovery Act

Introduced: June 26, 1997 See on congress.gov
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 26, 1997
Referred to the House Committee on Ways and Means.
Jun 26, 1997
Introduced in House
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 Plain-English summary Congressional Research Service

Inactive Well Recovery Act - Amends the Internal Revenue Code to exclude from gross income (if so elected by the taxpayer) income attributable to independent producer oil from a recovered inactive well. Includes both oil and natural gas in the definition of "independent producer oil." Prohibits deductions directly connected with amounts so excluded.

What's happening now June 26, 1997

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Moran, Jerry
Kansas · Jul 23, 1998
 R
Sessions, Pete
Texas · Sep 23, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2072: Inactive Well Recovery Act. 105th Congress. Open America. https://openamerica.io/bill/105-HR-2072/
MLA
"H.R. 2072: Inactive Well Recovery Act." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-2072/.
Bluebook (legal)
H.R. 2072, 105th Cong. (2026), https://openamerica.io/bill/105-HR-2072/.
Markdown link
[H.R. 2072: Inactive Well Recovery Act](https://openamerica.io/bill/105-HR-2072/)
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