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HR 4867 96th Congress House

A bill to amend the Internal Revenue Code of 1954 to provide that the option to deduct as expenses intangible drilling and development costs shall not apply to oil wells drilled on proven properties.

Introduced: July 19, 1979 See on congress.gov
Taxation
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This bill died when the 96th Congress ended
It never became law before the 96th Congress (1979–1980) 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
Jul 19, 1979
Referred to House Committee on Ways and Means.
Jul 19, 1979
Introduced in House
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 Latest action July 19, 1979

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 4867: A bill to amend the Internal Revenue Code of 1954 to provide that the option to deduct as expenses intangible drilling and development costs shall not apply to oil wells drilled on proven properties.. 96th Congress. Open America. https://openamerica.io/bill/96-HR-4867/
MLA
"H.R. 4867: A bill to amend the Internal Revenue Code of 1954 to provide that the option to deduct as expenses intangible drilling and development costs shall not apply to oil wells drilled on proven properties.." 96th Congress, 2026, Open America, https://openamerica.io/bill/96-HR-4867/.
Bluebook (legal)
H.R. 4867, 96th Cong. (2026), https://openamerica.io/bill/96-HR-4867/.
Markdown link
[H.R. 4867: A bill to amend the Internal Revenue Code of 1954 to provide that the option to deduct as expenses intangible drilling and development costs shall not apply to oil wells drilled on proven properties.](https://openamerica.io/bill/96-HR-4867/)
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