HR 2451
97th Congress
House
Taxation
Excess profits tax
Petroleum and petroleum products
Petroleum industry
Tax exemption
A bill to amend the Internal Revenue Code of 1954 to provide, in lieu of the reduced rates for independent producer oil, an exemption of 1000 barrels per day from the crude oil windfall profit tax for independent producers and royalty owners.
Introduced: March 11, 1981
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 4, 1981
See H.R.4242.
Mar 11, 1981
Referred to House Committee on Ways and Means.
Mar 11, 1981
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to provide a limited exemption of independent producer oil from the windfall profit tax.
What's happening now
See H.R.4242.
Committees of jurisdiction
1
Cosponsors
1