1.203 -Excess Natural Resource Depletion Allowance

Item	Description	FY2013	FY2014	FY2015	FY2016	FY2017
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	0.3	0.3	0.1	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.