ELIMINATION OF EXPIRED PROVISIONS IN PERCENTAGE DEPLETION.

SEC. 11815. ELIMINATION OF EXPIRED PROVISIONS IN PERCENTAGE DEPLETION. (a) Section 613A.— (1) General rule.— Subsection (c) of section 613A is amended— (A) by striking “the applicable percentage (determined in accordance with the table contained in paragraph (5))” in paragraph (1) and inserting “15 percent”, (B) by amending subparagraph (B) of paragraph (3) to read as follows: “(B) Tentative quantity.— For purposes of subparagraph (A), the tentative quantity is 1,000 barrels.”, and (C) by striking paragraphs (5), and (7)(E). (2) Conforming amendments.— (A) Subparagraphs (A) and (B) of section 613A(c)(7) are each amended by striking “specified in paragraph (5)” and inserting “specified in paragraph (1)”. (B) Paragraphs (8)(B), (8)(C), and (9) are each amended by striking “determined under the table contained in paragraph (3)(B)” each place it appears and inserting “determined under paragraph (3)(B)”. (b) Section 613(e).— (1) Subsection (e) of section 613 is amended by striking paragraph (2) and by redesignating paragraphs (3) and (4) as paragraphs (2) and (3), respectively. 104 STAT. 1388–558 (2) Subparagraph (B) of section 613(e)(1) is amended to read as follows: “(B) 15 percent shall be deemed to be the percentage specified in subsection (b),”. (3) Sections 57(a)(2)(D)(ii), 263(c), and 465(c)(1)(E) are each amended by striking “section 613 (e)(3)” and inserting “section 613(e)(2)”.