# 114-hr-4672: 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.

114-hr-4672, 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., is a 114th Congress bill sponsored by Rep. Jenkins, Lynn [R-KS-2] (R-KS); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-4672
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-4672
- Congress: 114
- 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.
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-03-02
- Sponsor: Rep. Jenkins, Lynn [R-KS-2] (R-KS)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

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.

## Related bills

- 114-hr-6261: ACO Assignment Improvement Act of 2016
- 114-hr-6260: ECORA Act of 2016
- 114-hr-6234: Private Corrado Piccoli Purple Heart Preservation Act of 2016
- 114-hr-6226: PUSH Act of 2016
- 114-hr-6207: ACTivate Act
- 114-hr-6176: Export Control Reform Act

## Sources
- [114-hr-4672 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/4672)

## Related
- [114-hr-6261: ACO Assignment Improvement Act of 2016](https://policyrisk.com/legislation/114-hr-6261)
- [114-hr-6260: ECORA Act of 2016](https://policyrisk.com/legislation/114-hr-6260)
- [114-hr-6234: Private Corrado Piccoli Purple Heart Preservation Act of 2016](https://policyrisk.com/legislation/114-hr-6234)
- [114-hr-6226: PUSH Act of 2016](https://policyrisk.com/legislation/114-hr-6226)
- [114-hr-6207: ACTivate Act](https://policyrisk.com/legislation/114-hr-6207)
- [114-hr-6176: Export Control Reform Act](https://policyrisk.com/legislation/114-hr-6176)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-4672 (as of 2025-11-18).