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S. 103, The Restore a Rational Tax Rate on Petroleum Production Act of 2007

  • This item has been mooted by the passage of another bill on the same subject or by other events. Check 'Related Bills' below to see if other bills on this subject have been passed into law. Mooted: 12/19/2007.

S. 103 would amend the Internal Revenue Code of 1986 to provide that major oil and gas companies will not be eligible for the effective rate reductions enacted in 2004 for domestic manufacturers.

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