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S 1549 98th Congress Senate Taxation Education Educational associations Educational facilities Income tax Individual retirement accounts Natural gas Pension funds Petroleum Petroleum and petroleum products Tax-deferred compensation plans Tax-exempt organizations

A bill to amend the Internal Revenue Code of 1954 to permit individual retirement accounts, qualified retirement trusts and certain educational organizations to invest in working interests in oil and…

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A bill to amend the Internal Revenue Code of 1954 to permit individual retirement accounts, qualified retirement trusts and certain educational organizations to invest in working interests in oil and gas properties without incurring unrelated business taxable income.

Introduced: June 27, 1983 See on congress.gov
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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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 1, 1983
Subcommittee on Taxation and Debt Management. Hearings held. Hearings printed: S.Hrg. 98-499.
Jun 30, 1983
Committee on Finance requested executive comment from OMB, Treasury Department, Energy Department.
Jun 27, 1983
Read twice and referred to the Committee on Finance.
Jun 27, 1983
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow individual retirement accounts, qualified retirement trusts and certain educational organizations to invest in working interests in domestic oil and gas properties without incurring unrelated business taxable income.

What's happening now August 1, 1983

Subcommittee on Taxation and Debt Management. Hearings held. Hearings printed: S.Hrg. 98-499.

 Related & companion bills 1
  • HR 4167 Identical bill A bill to amend the Internal Revenue Code of 1954 to permit individual retirement accounts, qualified retirement trusts…
 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Jun 27, 1983
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APA
U.S. Congress. (2026). S. 1549: A bill to amend the Internal Revenue Code of 1954 to permit individual retirement accounts, qualified retirement trusts and certain educational organizations to invest in working interests in oil and gas properties without incurring unrelated business taxable income.. 98th Congress. Open America. https://openamerica.io/bill/98-S-1549/
MLA
"S. 1549: A bill to amend the Internal Revenue Code of 1954 to permit individual retirement accounts, qualified retirement trusts and certain educational organizations to invest in working interests in oil and gas properties without incurring unrelated business taxable income.." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-S-1549/.
Bluebook (legal)
S. 1549, 98th Cong. (2026), https://openamerica.io/bill/98-S-1549/.
Markdown link
[S. 1549: A bill to amend the Internal Revenue Code of 1954 to permit individual retirement accounts, qualified retirement trusts and certain educational organizations to invest in working interests in oil and gas properties without incurring unrelated business taxable income.](https://openamerica.io/bill/98-S-1549/)
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