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depletion allowance |
Also found in: Legal | 0.02 sec. |
depletion allowanceIn tax law, the deductions from gross income allowed investors in exhaustible commodities (such as minerals, oil, or gas) for the depletion of the deposits. The depletion allowance is intended as an incentive to stimulate investment in this high-risk industry, though critics argue that mineral deposits are valuable enough to justify high levels of investment even without tax incentives. See also depreciation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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nbsp;(such as excess depletion allowances and interest on private activity bonds) result in permanent differences. Lobby for the elimination of extraction allowances, depletion allowances, and subsidized loans that hide the true cost of using virgin materials and excessive energy during production with the goal of at least providing a They also chopped the tax credits known as depletion allowances from 27. |
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