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HR 1966 98th Congress House

A bill to amend the Internal Revenue Code of 1954 to repeal the option to expense intangible drilling and development costs in the case of oil, gas, and geothermal wells, to repeal percentage…

Official title: A bill to amend the Internal Revenue Code of 1954 to repeal the option to expense intangible drilling and development costs in the case of oil, gas, and geothe… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1954 to repeal the option to expense intangible drilling and development costs in the case of oil, gas, and geothermal wells, to repeal percentage depletion in the case of such wells, and to repeal certain benefits enacted by the Economic Recovery Tax Act of 1981 with respect to the windfall profit tax on domestic crude oil.

Introduced: March 8, 1983 See on congress.gov
Taxation
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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 1 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 8, 1983
Referred to House Committee on Ways and Means.
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 Latest action March 8, 1983

Referred to House Committee on Ways and Means.

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APA
U.S. Congress. (2026). H.R. 1966: A bill to amend the Internal Revenue Code of 1954 to repeal the option to expense intangible drilling and development costs in the case of oil, gas, and geothermal wells, to repeal percentage depletion in the case of such wells, and to repeal certain benefits enacted by the Economic Recovery Tax Act of 1981 with respect to the windfall profit tax on domestic crude oil.. 98th Congress. Open America. https://openamerica.io/bill/98-HR-1966/
MLA
"H.R. 1966: A bill to amend the Internal Revenue Code of 1954 to repeal the option to expense intangible drilling and development costs in the case of oil, gas, and geothermal wells, to repeal percentage depletion in the case of such wells, and to repeal certain benefits enacted by the Economic Recovery Tax Act of 1981 with respect to the windfall profit tax on domestic crude oil.." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-1966/.
Bluebook (legal)
H.R. 1966, 98th Cong. (2026), https://openamerica.io/bill/98-HR-1966/.
Markdown link
[H.R. 1966: A bill to amend the Internal Revenue Code of 1954 to repeal the option to expense intangible drilling and development costs in the case of oil, gas, and geothermal wells, to repeal percentage depletion in the case of such wells, and to repeal certain benefits enacted by the Economic Recovery Tax Act of 1981 with respect to the windfall profit tax on domestic crude oil.](https://openamerica.io/bill/98-HR-1966/)
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