,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #hjcd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #bj1 #bjbf,mr4   
,mann 7= himself1 ,mr4 ,e/es1 ,mr4      
,s*midt1 & ,mr4 ,pflug]7 introduc$ !    
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to modify c]ta9 p]c5tage depletion
 rules ) respect to oil & gas wells4    
#a4 ,%ort title  ,?is ,act may be cit$ z
 ! ,protect+ ,am]ica's ,small ,oil &    
,gas ,produc]s & ,rural ,jobs ,act4  #b4
 ,modification ( c]ta9 p]c5tage         
depletion rules ) respect to oil & gas  
wells  7a7 ,p]c5tage depletion rate     
calculation modifi$ ) respect to m>g9al 
prop]ties ,section #fac;,a7c77#f77;,c7 (
 ! ,int]nal ,rev5ue ,code ( #aihf is    
am5d$ to read z foll[s3  7,c7           
,applicable p]c5tage  7i7 ,9 g5]al ,=   
purposes ( subp>agraph 7,a71 ! t]m      
applicable p]c5tage means ! p]c5tage 7n 
great] ?an #be p]c5t7 equal to ! sum (--
  7,i7 #ae p]c5t1 plus  7,,ii7 #a       

p]c5tage po9t = ea* :ole doll> by :i*   
#gj exce$s ! ref]5ce price = crude oil =
 ! cal5d> ye> prec$+ ! cal5d> ye> 9 :i* 
! taxable ye> beg9s4  7ii7 ,,ppi        
adju/m5t  7,i7 ,9 g5]al ,9 ! case ( any 
taxable ye> beg9n+ 9 a cal5d> ye> aft]  
#bjbg1 ! #gj am\nt 9 clause 7i77,,ii7   
%all be increas$ by an am\nt equal to-- 
7aa7 su* doll> am\nt1 multipli$ by  7bb7
 ! ,,ppi adju/m5t factor = su* cal5d>   
ye>4  7,,ii7 ,,ppi adju/m5t factor ,=   
purposes ( subclause 7,i71 ! ,,ppi      
adju/m5t factor = any cal5d> ye> is !   
p]c5tage 7if any7 by :i*--  7aa7 ! ,,ppi
 = ! prec$+ cal5d> ye>1 exce$s  7bb7 !  
,,ppi = cal5d> ye> #bjbf4  7,,iii7 ,,ppi
 = any cal5d> ye> ,= purposes (         
subclause 7,,ii71 ! ,,ppi = any cal5d>  
ye> is ! av]age ( ! ,produc] ,price     
,index = ,drill+ ,oil & ,gas ,wells1 z  
publi%$ by ! ,bureau ( ,labor ,/ati/ics 
( ! ,dep>tm5t ( ,labor1 z ( ! close ( ! 
#ab-mon? p]iod end+ on ,augu/ #ca ( su* 
cal5d> ye>4  ,= purposes ( ?is p>agraph1
 ! t]m ref]5ce price means1 ) respect to

 any cal5d> ye>1 ! ref]5ce price det]m9$
 = su* cal5d> ye> "u section            
#de,k7d77#b77;,c74  4  7b7              
,nonapplication ( taxable income        
limitation ) respect to m>g9al prop]ties
 ,section #fac;,a7c77#f7 ( su* ,code is 
am5d$ by add+ at ! end ! foll[+ new     
subp>agraph3  7,h7 ,nonapplication (    
taxable income limitation ,) respect to 
s mu* ( ! all[ance = depletion z is     
det]m9$ "u subp>agraph 7,a7-- 7i7       
subsection 7d77#a7 %all n apply1 &  7ii7
 ! second s5t5ce ( subsection 7a7 (     
section #fac %all n apply4  4  7c7      
,depletable oil quantity calculation    
modifi$ ,section #fac;,a7c77#c77;,b7 (  
su* ,code is am5d$ by /rik+ #a1jjj      
b>rels & ins]t+ #b1jjj b>rels4  7d7     
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjbf4