Oil Industry Tax Issues in the Fiscal Year 2010 Budget Proposal.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Economic policy.

Excise tax.

America, Gulf of.

Physical Description:

1 online resource (10 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2009.

System Details:

text file

Summary:

Analyzes potential economic effects of Obama Administration proposed FY2010 tax increases on oil and natural gas industries. Assesses proposed excise tax on Gulf of Mexico oil and natural gas production to limit previously granted royalty relief, repeal of the enhanced oil recovery and marginal well tax credits, repeal of the expensing of intangible drilling costs and deduction for tertiary injectants, repeal of passive loss exceptions for working interests in oil and natural gas properties, and the manufacturing tax deduction for oil and natural gas companies, and the increasing amortization periods for certain expenses and repeal of percentage depletion allowance for independent oil and natural gas producers.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Oil Industry Tax Issues in the Fiscal Year 2010 Budget Proposal

Access Restriction:

Restricted for use by site license.