S 4604·Federal·senate
Protecting America’s Small Oil and Gas Producers and Rural Jobs Act
In CommitteeFiled May 20, 2026
Sponsor: Sen. Marshall, Roger [R-KS] (R)
Latest Action
Read twice and referred to the Committee on Finance.
May 20, 2026
Summary
The bill revises the Internal Revenue Code’s percentage depletion calculation for marginal oil and gas wells, raising the maximum deduction to 25 percent and removing certain income limits. It also ties part of the deduction to the Producer Price Index and doubles the amount of oil counted as depletable per well. These changes are intended to improve profitability for small producers and protect rural jobs.
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