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.
One reason is the depletion allowance, which basically permits oil companies to deduct from their tax bills 22% of the value of the oil that their wells produce.
From Time Magazine Archive
President Nixon has proposed that Congress repeal the U.S. depletion allowance for oil wells located abroad.
From Time Magazine Archive
Oilmen would finally lose their long-cherished depletion allowance.
From Time Magazine Archive
In an unusual move for a Texan, he has proposed the elimination of the oil depletion allowance for the major oil producers.
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
