1.203 -Excess Natural Resource Depletion Allowance

Item	Description	FY2009	FY2010	FY2011
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: $0.6	0.6	0.6	0.6

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.