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To amend the Internal Revenue Code of 1986 to modify certain percentage depletion rules with respect to oil and gas wells.
3/21/2026, 8:05 AM
Summary of Bill HR 8034
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.
Current Status of Bill HR 8034
Bill HR 8034 is currently in the status of Bill Introduced since March 20, 2026. Bill HR 8034 was introduced during Congress 119 and was introduced to the House on March 20, 2026. Bill HR 8034's most recent activity was Referred to the House Committee on Ways and Means. as of March 20, 2026
Bipartisan Support of Bill HR 8034
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
3Democrat Cosponsors
0Republican Cosponsors
3Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 8034
Primary Policy Focus
Alternate Title(s) of Bill HR 8034
To amend the Internal Revenue Code of 1986 to modify certain percentage depletion rules with respect to oil and gas wells.
To amend the Internal Revenue Code of 1986 to modify certain percentage depletion rules with respect to oil and gas wells.
Comments
Sponsors and Cosponsors of HR 8034
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