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 that oil companies have less money to spend: Congress has eliminated most of their depletion allowance, and their profits have dropped.
From Time Magazine Archive
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
Like the depletion allowance, the quota system is also justified as a means of encouraging exploration for more domestic reserves.
From Time Magazine Archive
Oilmen would finally lose their long-cherished depletion allowance.
From Time Magazine Archive
More important it is likely that the domestic depletion allowance will be abolished or substantially reduced.
From Time Magazine Archive
