,,ii  #aafth ,,congress  #ast ,session  
,s4 #abag  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #aa1    
#bjai,mr4 ,inhofe introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to eliminate the
 taxable income limit on percentage     
depletion for oil and natural gas       
produced from marginal properties4  #a4 
,elimination of taxable income limit on 
percentage depletion for oil and natural
 gas produced from marginal properties  
7a7 ,in general ,section #fac;,a7c77#f7 
of the ,internal ,revenue ,code of #aihf
 is amended by adding at the end the    
following new subparagraph3  7,h7       
,nonapplication of taxable income limit 
with respect 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 beginning after ,december #ca1    
#bjah4