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HR 3992 105th Congress House Taxation Business income tax Commerce Depreciation and amortization Energy Income tax Petroleum industry Petroleum storage Tax deductions

To amend the Internal Revenue Code of 1986 to establish a 5-year recovery period for petroleum storage facilities.

Introduced: June 4, 1998 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 4, 1998
Referred to the House Committee on Ways and Means.
Jun 4, 1998
Sponsor introductory remarks on measure. (CR E1029)
Jun 4, 1998
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to classify petroleum storage facilities as five-year property for depreciation purposes.

What's happening now June 4, 1998

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Sessions, Pete
Texas · Jul 24, 1998
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3992: To amend the Internal Revenue Code of 1986 to establish a 5-year recovery period for petroleum storage facilities.. 105th Congress. Open America. https://openamerica.io/bill/105-HR-3992/
MLA
"H.R. 3992: To amend the Internal Revenue Code of 1986 to establish a 5-year recovery period for petroleum storage facilities.." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-3992/.
Bluebook (legal)
H.R. 3992, 105th Cong. (2026), https://openamerica.io/bill/105-HR-3992/.
Markdown link
[H.R. 3992: To amend the Internal Revenue Code of 1986 to establish a 5-year recovery period for petroleum storage facilities.](https://openamerica.io/bill/105-HR-3992/)
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