Code · BILL · 113th Congress · H.R. 2060 (Introduced in House) — To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to restore for the remainder of fiscal year 20... · Sec. 302

Sec. 302. Deduction for income attributable to domestic production activities not allowed with respect to oil and gas activities of major integrated oil companies

57 words·~1 min read·/bill/113/hr/2060/ih/section-302

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Subparagraph

(A)of section 199(d)(9) of the Internal Revenue Code of 1986 is amended by inserting (9 percent in the case of any major integrated oil company (as defined in section 167(h)(5)(B))) after 3 percent . The amendment made by subsection

(a)shall apply to taxable years beginning after the date of the enactment of this Act.