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Depletion Allowance Defined

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Sun Apr 13

• HERRINGTON URGES LIMIT IN OIL DEPLETION PLAN - New York Times: Energy Secretary John S. Herrington said today that the restoration of the oil depletion allowance to major companies should be confined to new production, a restriction that would make it relatively inexpensive to the Treasury
• Depletion Allowance: A tax deduction authorized by federal law for the exhaustion of oil and gas wells, mines, timber, mineral deposits or reserves, and other natural deposits.
• Oil Depletion Allowance

Tue May 2

• radev-eng.pdf (application/p df Object)

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