A bill to amend the Internal Revenue Code of 1986 to modify the small refiner exception to the oil depletion deduction.
Last action on Apr 29, 2003Read twice and referred to the Committee on Finance.
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Summary
Amends the Internal Revenue Code to change the average daily refinery limitation concerning the oil depletion deduction from 50,000 to 75,000 barrels-per-day.
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