depletion allowance
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
President Nixon has proposed that Congress repeal the U.S. depletion allowance for oil wells located abroad.
From Time Magazine Archive
Even so, Congress has not been persuaded that exploration would be discouraged by a reduction in the depletion allowance.
From Time Magazine Archive
Oilmen would finally lose their long-cherished depletion allowance.
From Time Magazine Archive
Like the depletion allowance, the quota system is also justified as a means of encouraging exploration for more domestic reserves.
From Time Magazine Archive
The companies, however, generate such huge tax write-offs from other sources�mainly the foreign-tax credit �that they rarely need to use the foreign depletion allowance.
From Time Magazine Archive
