Skip to main content
HR 870 106th Congress House Taxation Business income tax Commerce Depletion allowances Energy Income tax Petroleum industry Petroleum refineries Tax deductions

To amend the Internal Revenue Code of 1986 to change the determination of the 50,000-barrel refinery limitation on oil depletion deduction from a daily basis to an annual average daily basis.

Introduced: February 25, 1999 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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
Feb 25, 1999
Referred to the House Committee on Ways and Means.
Feb 25, 1999
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to change the determination of the 50,000 barrel-per-day refinery limitation concerning the oil depletion deduction to a 50,000 annual average daily basis limitation.

What's happening now February 25, 1999

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Sessions, Pete
Texas · Jun 15, 2000
 R
Wicker, Roger F.
Mississippi · Mar 24, 1999
 R
Lucas, Frank D.
Oklahoma · Feb 25, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 870: To amend the Internal Revenue Code of 1986 to change the determination of the 50,000-barrel refinery limitation on oil depletion deduction from a daily basis to an annual average daily basis.. 106th Congress. Open America. https://openamerica.io/bill/106-HR-870/
MLA
"H.R. 870: To amend the Internal Revenue Code of 1986 to change the determination of the 50,000-barrel refinery limitation on oil depletion deduction from a daily basis to an annual average daily basis.." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-870/.
Bluebook (legal)
H.R. 870, 106th Cong. (2026), https://openamerica.io/bill/106-HR-870/.
Markdown link
[H.R. 870: To amend the Internal Revenue Code of 1986 to change the determination of the 50,000-barrel refinery limitation on oil depletion deduction from a daily basis to an annual average daily basis.](https://openamerica.io/bill/106-HR-870/)
Report a problem