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
For their part, oilmen maintain that they would not have risked North Slope drilling without the depletion allowance, and claim that the allowance is necessary to spur further development.
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
Nothing is more sacred to many Congressmen than the depletion allowance.
From Time Magazine Archive
The prime tar get of the critics is the oil depletion allowance.
From Time Magazine Archive
