Today, the U.S. House of Representatives Committee on Ways and Means Tax Policy Subcommittee heard testimony from members of Congress regarding their bills and proposals for tax reform.
One bill discussed was House Resolution (H.R.) 4672, authored by Representative Lynn Jenkins (R-KS), to eliminate the net income limitation on percentage depletion, which has been strongly supported by NSWA.
Rep. Jenkins testified on this bill, along with two others which she has introduced, during her short testimony before the Committee. In support of her testimony, NSWA Chairwoman Darlene Wallace submitted a Statement for the Record in support of the bill.
The NSWA support letter is viewable here.