legislation: 93-hr-13680

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
93-hr-13680 93 hr 13680 A bill to amend the Internal Revenue Code of 1954 to provide that the credit for foreign taxes shall not be allowed in the case of taxes paid to a foreign country with respect to the income derived from any oil or gas well located in a foreign country, and to eliminate the percentage depletion allowance in the case of any such well. Petroleum industry 1974-03-21 1974-03-21 Referred to House Committee on Ways and Means. House Rep. Tiernan, Robert O. [D-RI-2] RI D T000265 4 Requires, under the Internal Revenue Code of 1954, that the credit for foreign taxes shall not be allowed in the case of taxes paid to a foreign country with respect to the income derived from any oil or gas well located in a foreign country. Eliminates the percentage depletion allowance in the case of any such well presently authorized under such Code. 2024-08-01T18:36:38Z  

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