Governor Deval Patrick's Budget Recommendation - House 2 Fiscal Year 2015

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1.203 -Excess Natural Resource Depletion Allowance


Item DescriptionFY2011 FY2012 FY2013 FY2014 FY2015
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:  $0.0
0.3 0 0 0 0

Key:

ORIGIN  
IRCFederal 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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