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    <updateDate>2023-01-11T19:45:51Z</updateDate>
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    <introducedDate>2007-03-15</introducedDate>
    <congress>110</congress>
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            <date>2007-03-15T22:19:30Z</date>
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        <title>A bill to amend the Internal Revenue Code of 1986 to extend the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties.</title>
        <congress>110</congress>
        <number>2196</number>
        <type>S</type>
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          <actionDate>2007-10-18</actionDate>
          <text>Referred to the Committee on Finance.</text>
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        <title>A bill to amend the Internal Revenue Code of 1986 to extend the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties.</title>
        <congress>110</congress>
        <number>2217</number>
        <type>S</type>
        <latestAction>
          <actionDate>2007-10-24</actionDate>
          <text>Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 440.</text>
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        <text>Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3213)</text>
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        <actionDate>2007-03-15</actionDate>
        <text>Sponsor introductory remarks on measure. (CR S3212)</text>
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        <fullName>Sen. Inhofe, James M. [R-OK]</fullName>
        <firstName>Jim</firstName>
        <lastName>Inhofe</lastName>
        <party>R</party>
        <state>OK</state>
        <isByRequest>N</isByRequest>
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    <policyArea>
      <name>Taxation</name>
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    <subjects>
      <legislativeSubjects>
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          <name>Depletion allowances</name>
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        <item>
          <name>Energy</name>
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        <updateDate>2007-04-13T18:31:43Z</updateDate>
        <text><![CDATA[ <p>Amends the Internal Revenue Code to make permanent the suspension of the taxable income limitation on percentage depletion for oil and natural gas produced from marginal properties. </p>]]></text>
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    </summaries>
    <title>A bill to amend the Internal Revenue Code of 1986 to eliminate the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties.</title>
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        <title>A bill to amend the Internal Revenue Code of 1986 to eliminate the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties.</title>
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        <title>A bill to amend the Internal Revenue Code of 1986 to eliminate the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties.</title>
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        <date>2007-03-15T04:00:00Z</date>
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    <latestAction>
      <actionDate>2007-03-15</actionDate>
      <text>Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3213)</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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