CONGRESS FOR VOTERS

Roger Marshall (R-KS)

Protecting America’s Small Oil and Gas Producers and Rural Jobs Act

S. 4604 · Senate bill Taxation

A Republican bill with 7 Republican cosponsors · See all 7 cosponsors

Last activity — Read twice and referred to the Committee on Finance.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "Protecting America's Small Oil and Gas Producers and Rural Jobs Act," aims to amend the Internal Revenue Code of 1986. It specifically seeks to modify certain percentage depletion rules regarding oil and gas wells. The legislation changes how the applicable percentage is calculated for marginal properties and introduces a PPI adjustment for the $70 threshold. It also removes the taxable income limitation for certain depletion allowances and increases the depletable oil quantity from 1,000 barrels to 2,000 barrels. These changes are intended to take effect for taxable years beginning after December 31, 2026.

Yes· 3 of 8

  • Scored +6

    Does this cut taxes for small businesses?

    The bill reduces tax burdens for small oil and gas producers by modifying percentage depletion rates and removing income limitations.

  • Scored +6

    Would business owners be better off under this?

    The bill provides significant tax advantages for business owners in the oil and gas sector.

  • Scored +5

    Does this make it easier to run a small business?

    The bill provides specific tax relief mechanisms designed to aid small oil and gas producers.

The opposite

  • Scored -2

    Does this reduce how much oil, gas and coal is produced?

    The bill incentivizes continued fossil fuel production through enhanced depletion allowances.