S. 2196 would amend the Internal Revenue Code of 1986 to extend the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties.

== Detailed Summary ==

<summary>
(Log inAmends the Internal Revenue Code to editextend through 2009 the wiki and be the first to provide a detailed summarysuspension of the bill!)taxable income limitation on percentage depletion for oil and natural gas produced from marginal properties.
</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 10/18/2007: Referred to edit the wiki and be the firstSenate committee. Status: Referred to update the status of the bill!)Committee on Finance.
</status>

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== Points in Favor ==

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== Points Against ==

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