S. 1007 (112th Congress): 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.
S. 1007 in the 112th Congress is titled "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.." The latest action in the official record, dated May 18, 2011, reads: "Sponsor introductory remarks on measure. (CR S3107)."
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bill-112-s1007- Permanent link
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Power & Politics, "S. 1007 (112th Congress): 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," last checked Oct. 12, 2026, citing Congress.gov, https://powerandpolitics.co/cite/bill-112-s1007
Power & Politics. (2026, October 12). S. 1007 (112th Congress): 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 [Bill record]. Retrieved November 2, 2026, from https://powerandpolitics.co/cite/bill-112-s1007
Power & Politics. "S. 1007 (112th Congress): 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." Last modified October 12, 2026. Accessed November 2, 2026. https://powerandpolitics.co/cite/bill-112-s1007.
@misc{votefiles_bill_112_s1007,
author = {{Power & Politics}},
title = {{S. 1007 (112th Congress): 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}},
year = {2026},
howpublished = {\url{https://powerandpolitics.co/cite/bill-112-s1007}},
note = {Reference number bill-112-s1007; official source: Congress.gov, https://www.congress.gov/bill/112th-congress/senate-bill/1007; last checked October 12, 2026; accessed November 2, 2026}
}https://powerandpolitics.co/cite/bill-112-s1007
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