Protecting America’s Small Oil and Gas Producers and Rural Jobs Act
Sponsored by Mann, Tracey (Republican-KS-1) · House · Introduced Mar 20, 2026
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Plain-English Summary (AI-assisted)
This bill would modify tax rules for oil and gas companies regarding 'percentage depletion,' a tax deduction based on the revenue from extracting oil and gas. The specific changes would affect how much companies can deduct from their taxes when they deplete natural resources from wells.
Legislative Status Timeline
Introduced
Mar 20, 2026
In Committee
Mar 20, 2026
Passed House
Pending
Passed Senate
Pending
Presidential Action
Pending
Sponsor
Mann, Tracey
Independent · KS-1
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