Recent Activity Alert
The bill "To amend the Internal Revenue Code of 1986 to modify certain percentage depletion rules with respect to oil and gas wells" was introduced in the 119th Congress on March 20, 2026. It aims to make changes to the percentage depletion rules concerning oil and gas wells within the Internal Revenue Code of 1986. Further details and provisions relating to this amendment are not provided in the context.
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Elliana Chapman
734
6 days ago
I think this new law about oil and gas wells is gonna be good for us. It's gonna help the economy and create more jobs. I'm all for it! Can't wait to see how this plays out in the long run.