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
More important it is likely that the domestic depletion allowance will be abolished or substantially reduced.
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
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
Even so, Congress has not been persuaded that exploration would be discouraged by a reduction in the depletion allowance.
From Time Magazine Archive
