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Volume 1
- Budget Message
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- Local Aid to Cities and Towns
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Volume 2
- Budget Development
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- Operating Transfers
- Local Aid - Section 3
- Outside Sections
- Tax Expenditure Budget
- Appendix A
- Glossary
1.203 -Excess Natural Resource Depletion Allowance
| Item | Description | FY2011 | FY2012 | FY2013 |
|---|---|---|---|---|
| 1.203 | Excess Natural Resource Depletion Allowance
Individuals or investors in extractive industries (mining or drilling natural resources) may deduct a percentage of gross mining income as a depletion allowance. The allowance may exceed the actual cost of the resource property. For a more detailed description of this tax expenditure, see corporate excise item 2.204. Origin: IRC S. 613 and 613A as in effect January 1, 1985 Estimate: $0.3 |
0.3 | 0.3 | 0.3 |
Key:
| ORIGIN | |
| IRC | Federal Internal Revenue Code (26 U.S.C.) |
|---|---|
| U.S.C | United States Code |
| M.G.L. | Massachusetts General Laws |
| Rev. Rul.; C.B. | Revenue Ruling; Cumulative Bulletin of the U.S. Treasury |
| ESTIMATES | All estimates are in $ millions. |
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