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Lawmakers cap depletion allowance in 1969 tax reform
Congress trimmed the oil depletion allowance from 27.5 to 22 percent after a 20 percent House vote and 25 percent Senate approval. In Sacramento a bill by Peter F. Schabarum to require removal of lead from regular gasoline grades by 1974 was reintroduced, aiming to curb pollution despite industry opposition.
MENTIONED IN THIS ARTICLE
U.S
Washington
John B. Connally
Nixon
Treasury
Connally
Texas
William Proxmira
D-Wis
Proxmire
Congress
House
Senate
Sacramento
UPI
Peter F. Schabarum
R-Cavi
Sehabarune
Whdely
Schabaruim'y
State Air Resources Board