Protecting America’s Small Oil and Gas Producers and Rural Jobs Act
See how your representatives voted on this bill.
DeepSyte matches this bill to the issues you care about and shows whether your reps' votes line up — not party, not press releases. Take the 2-minute values quiz to see your alignment.
Alignment with your views
Sign in and take the values quiz to see how this bill lines up with what you've said.
Summary
This bill amends the Internal Revenue Code to increase tax deductions for small oil and gas producers on marginal properties. Specifically, it raises the percentage depletion allowance from 15% to a sliding scale up to 25% based on crude oil prices, removes the taxable income limitation on these deductions for marginal wells, and doubles the threshold for what qualifies as a marginal property from 1,000 to 2,000 barrels per day. The changes apply to taxable years beginning after December 31, 2026, with adjustments for inflation in subsequent years.
Values analysis
Sign in and take the values quiz to get a personalized read on how this bill lines up with your positions.
How your representatives voted
Sign in to see how your representatives voted on this bill.