Mar 1, 2016 Multi-Association Letter to Representative Lynn Jenkins Supporting H.R. 4672, the Net Income Limitations Legislation
Dear Representative Jenkins: We strongly support your introduction of legislation to remove the net income limitation on percentage depletion for oil and natural gas produced from marginal properties. This important relief is critical to preserving the production of oil and natural gas from the most marginal oil and natural gas prospects. We appreciate your sponsorship of this legislation and plan to work to urge other Representatives to support your efforts for this important legislation that will protect jobs, strengthen America’s energy security, and enhance the climate for small businesses in America.