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

Hozzl · 2026-04-14T08:05:23Z

Explore the details of House Bill 8034 Protecting America’s Small Oil and Gas Producers and Rural Jobs Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

4/14/2026, 8:05 AM

Summary of Bill HR 8034

The bill "To amend the Internal Revenue Code of 1986 to modify certain percentage depletion rules with respect to oil and gas wells" was introduced in the 119th Congress on March 20, 2026. It aims to make changes to the percentage depletion rules concerning oil and gas wells within the Internal Revenue Code of 1986. Further details and provisions relating to this amendment are not provided in the context.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 8034

Bill HR 8034 is currently in the status of Bill Introduced since March 20, 2026. Bill HR 8034 was introduced during Congress 119 and was introduced to the House on March 20, 2026. Bill HR 8034's most recent activity was Referred to the House Committee on Ways and Means. as of March 20, 2026

Bipartisan Support of Bill HR 8034

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 8034

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 8034

To amend the Internal Revenue Code of 1986 to modify certain percentage depletion rules with respect to oil and gas wells.

Comments

Wrenlee Singleton

42,063

2 days ago

I think this bill is good for small oil and gas producers and rural jobs. It will help support our local economy and create more opportunities for people in our community. I believe this bill will have a positive impact on our state and I am excited to see how it will benefit us in the long run.