Planning for the Crude Oil Windfall Profit Tax

Journal Article · Sun Jun 01 00:00:00 EDT 1980 · Oil Gas Tax Q.; (United States)

OSTI ID:5228666

Shattuck, Jr, R D

The provisions of the Crude Oil Windfall Profit Tax Act (COWPTA) of 1980 and its probable impact on the oil industry are described. The Act establishes a step-by-step method for tax computation based on categories of oil, which are either exempt or in one of three tier categories. The four types totally exempt from the tax are qualified governmental or charitable interest, Indian, Alaskan, and front-end oil. The Act classifies all other oils in a tier, each having separate base prices and computational adjustments to determine the tax rate. (DCK)

• Research Organization: North, Haskell, Slaughter, Young and Lewis, Birmingham, AL
• OSTI ID: 5228666
• Journal Information: Oil Gas Tax Q.; (United States), Journal Name: Oil Gas Tax Q.; (United States) Vol. 28:4; ISSN OGTQD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
CALCULATION METHODS
CLASSIFICATION
ECONOMIC IMPACT
INDUSTRY
PETROLEUM INDUSTRY
TAXES
WINDFALL PROFITS TAX