HR 8034·Federal·house
Protecting America’s Small Oil and Gas Producers and Rural Jobs Act
In CommitteeFiled Mar 20, 2026
Sponsor: Rep. Mann, Tracey [R-KS-1] (R)
Latest Action
Referred to the House Committee on Ways and Means.
Mar 20, 2026
Summary
The bill rewrites how the IRS calculates percentage depletion for marginal oil and gas wells, raising the allowable rate and removing income limits. It also doubles the amount of oil considered depletable from 1,000 to 2,000 barrels. These changes aim to lower tax burdens for small producers and protect rural employment.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when HR 8034 changes status, plus AI-powered summaries and stage predictions.
Sign up free