HR 8034 · 119th CongressIn Committeecongress.gov ↗

Protecting America’s Small Oil and Gas Producers and Rural Jobs Act

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Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

What this bill does

AI plain-language summary

This bill would change rules in the tax code related to "percentage depletion" for oil and gas wells. Percentage depletion is a tax deduction that allows oil and gas producers to account for the gradual using up of their underground resources. No official summary is available for this bill.

Sponsor

Rep. Mann, Tracey [R-KS-1]

R

Introduced

March 20, 2026

Policy Area

Taxation

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