Impact of Treasury Department's Tax Reform Proposal on Oil and Gas Industry: Hearing Before the Committee on Energy and Natural Resources, United States Senate, Ninety-ninth Congress, First Session ... Oklahoma City, OK, February 15, 1985
U.S. Government Printing Office, 1985 - Gas industry - 343 pages
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activity additional allowance already American amount Association average banks barrels believe benefits capital changes CITY Commission Committee companies concerned considered continue corporate crude oil decline dependence domestic economic effect elimination energy energy industry estimated existing expenditures expensing exploration fact February federal foreign funds future gas industry going impact important incentives income income tax increase independent intangible drilling costs interest investment investors Kerr-McGee less limited partnerships loss lower major million natural gas oil and gas Oklahoma operations percent percentage depletion period petroleum present President production profit recovery reduce regulations repeal represent reserves result risk royalty Senator Nickles sources statement supply tax proposals tax rate tax reform Texas Thank Treasury Department Treasury proposal Treasury's United Washington
Page 306 - A partnership is an association of two or more persons to carry on as co-owners a business for profit.
Page 61 - Option with respect to intangible drilling and development costs in general: All expenditures for wages, fuel, repairs, hauling, supplies, etc., incident to and necessary for the drilling of wells and the preparation of wells for the production of oil or gas...
Page 9 - An adequate domestic supply of oil and natural gas is vital to the national security and economic wellbeing of the United States.
Page 199 - The nation's economic welfare and security require a policy on petroleum imports which will encourage exploration and development efforts in the domestic industry and which will make available a maximum supply of domestic oil to meet the needs of this nation. The availability of petroleum from domestic fields produced under sound conservation practices, together with other pertinent factors...
Page 6 - severe crippling of the domestic oil and gas industry." We are confident that these views will be recognized. The Energy Department is quite concerned that the Treasury's tax proposal could have adverse effects on businesses involved in oil and gas exploration, production and development.
Page 326 - Ohio section, and a member of the national executive committee of the American Institute of Mining and Metallurgical Engineers and is a member of the American Iron and Steel Institute.
Page 238 - ... JAMES M. MORRISON, J. WALDO POND, The Finance Commission. SECOND COMMUNICATION TO THE CITY COUNCIL in relation to AN ADDITIONAL LOAN FOR THE CONSTRUCTION OF HIGHWAYS. BOSTON, October 7, 1921. To the Honorable the City Council: GENTLEMEN, — The Finance Commission has received from your honorable body a copy of a letter from the chairman of the Board of Street Commissioners of the City of Boston commenting upon the Finance Commission's Report to your honorable body under date of September 23,...
Page 62 - ... 60-month period beginning with the month in which the costs are paid or incurred.
Page 191 - First I tell them what I am going to tell them, then I tell them, and then I tell them what I've told them," by using the abstract, the body of the report, and the summary of his three tellings . REFERENCES 1.