Congress: 97th

Sponsor: Representative Hance, Kent R. (03/11/1981)

Committees: House - Ways and Means

Description: A bill to amend the Internal Revenue Code of 1954 to provide, in lieu of the reduced rates for independent producer oil, an exemption of 1000 barrels per day from the crude oil windfall profit tax for independent producers and royalty owners.

Lastest Action: 08/04/1981 See H.R.4242.  (All Actions)

Official: H.R.2451 -- 97th Congress