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    <number>4672</number>
    <updateDate>2023-01-11T13:31:56Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:31:56Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2016-03-02</introducedDate>
    <congress>114</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 162, Number 34 (Wednesday, March 2, 2016)][Pages H1116-H1117]From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Ms. JENKINS of Kansas:H.R. 4672.[[Page H1117]]Congress has the power to enact this legislation pursuantto the following:Article I, Section 8:The Congress shall have Power To lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defense and general Welfare of the United States.</pre>]]></constitutionalAuthorityStatementText>
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            <name>Referred to</name>
            <date>2016-03-02T15:01:50Z</date>
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    <relatedBills>
      <item>
        <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>
        <congress>114</congress>
        <number>948</number>
        <type>S</type>
        <latestAction>
          <actionDate>2015-04-15</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
          </item>
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    <actions>
      <item>
        <actionDate>2016-03-02</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <actionCode>H11100</actionCode>
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            <name>Ways and Means Committee</name>
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        <actionDate>2016-03-02</actionDate>
        <text>Introduced in House</text>
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        <actionDate>2016-03-02</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>J000290</bioguideId>
        <fullName>Rep. Jenkins, Lynn [R-KS-2]</fullName>
        <firstName>Lynn</firstName>
        <lastName>Jenkins</lastName>
        <party>R</party>
        <state>KS</state>
        <district>2</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Taxation</name>
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    <subjects>
      <legislativeSubjects>
        <item>
          <name>Income tax deductions</name>
        </item>
        <item>
          <name>Oil and gas</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2016-03-02</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2016-04-01T18:26:15Z</updateDate>
        <text><![CDATA[ <p>This bill 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>
      </summary>
    </summaries>
    <title>To amend the Internal Revenue Code of 1986 to make permanent the exception for marginal production from the taxable income limit on percentage depletion for oil and natural gas wells.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>To amend the Internal Revenue Code of 1986 to make permanent the exception for marginal production from the taxable income limit on percentage depletion for oil and natural gas wells.</title>
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        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to make permanent the exception for marginal production from the taxable income limit on percentage depletion for oil and natural gas wells.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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    </titles>
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      <item>
        <type>Introduced in House</type>
        <date>2016-03-02T05:00:00Z</date>
        <formats>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-114hr4672ih/xml/BILLS-114hr4672ih.xml</url>
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    <latestAction>
      <actionDate>2016-03-02</actionDate>
      <text>Referred to the House Committee on Ways and Means.</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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