Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · BILL · 114th Congress · S. 2089 (Placed on Calendar Senate) — To provide for investment in clean energy, to empower and protect consumers, to modernize energy infrastructure, to c... · Sec. 5062

Sec. 5062. Limitation on section 199 deduction attributable to oil, natural gas, or primary products thereof

89 words·~1 min read·/bill/114/s/2089/pcs/section-5062·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Paragraph
(4)of section 199(c) is amended by adding at the end the following new subparagraph: In the case of any taxpayer who is a major integrated oil company (within the meaning of section 167(h)(5)) for the taxable year, the term domestic production gross receipts shall not include gross receipts from the production, refining, processing, transportation, or distribution of oil, gas, or any primary product (within the meaning of subsection (d)(9)) thereof. . The amendment made by this section shall apply to taxable years beginning after December 31, 2015.
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.