,i  #aadth ,,congress  #b;d ,session    
,h4 ,r4 #dfgb  ,,in ,,the ,,house ,,of  
,,representatives  ,march #b1 #bjaf ,ms4
 ,jenkins of ,kansas introduced the     
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to make permanent the   
exception for marginal production from  
the taxable income limit on percentage  
depletion for oil and natural gas wells4
  #a4 ,exception for marginal production
 from taxable income limit on percentage
 depletion for oil and natural gas wells
 made permanent  7a7 ,in general        
,section #fac;,a7c77#f77;,h7 of the     
,internal ,revenue ,code of #aihf is    
amended to read as follows3  7,h7       
,taxable income limit not applicable to 
marginal production ,the second sentence
 of subsection 7a7 of section #fac shall
 not apply to so much of the allowance  
for depletion as is determined under    
subparagraph 7,a74  4  7b7 ,effective   
date ,the amendment made by this section

 shall apply to taxable years ending    
after the date of the enactment of this 
,act4