Income taxation of geothermal resources
Journal Article
·
· Nat. Resour. Lawyer; (United States)
OSTI ID:5348640
The Energy Tax Act of 1978 recognizes the potential contribution of geothermal resources by clarifying tax incentives for the development and sale of exhaustible natural energy resources. The application of this law to geothermal development includes a depletion allowance either in the year of sale or the year of consumption. This article describes computational procedures and explains mineral definitions. It explains the tax treatment for exploration and development expenses, raises legal questions about pooling and unitization, and describes the investment tax credit. 215 references. (DCK)
- Research Organization:
- Univ. of Wyoming, Laramie
- OSTI ID:
- 5348640
- Journal Information:
- Nat. Resour. Lawyer; (United States), Journal Name: Nat. Resour. Lawyer; (United States) Vol. 14:4; ISSN NRLAD
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
15 GEOTHERMAL ENERGY
150400* -- Geothermal Energy-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
299002 -- Energy Planning & Policy-- Geothermal-- (-1989)
DEPLETION ALLOWANCES
ENERGY TAX ACT
FINANCIAL INCENTIVES
GEOTHERMAL RESOURCES
INCOME
LAWS
LEGAL ASPECTS
NATIONAL ENERGY ACT
RESOURCES
TAX CREDITS
TAXES
150400* -- Geothermal Energy-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
299002 -- Energy Planning & Policy-- Geothermal-- (-1989)
DEPLETION ALLOWANCES
ENERGY TAX ACT
FINANCIAL INCENTIVES
GEOTHERMAL RESOURCES
INCOME
LAWS
LEGAL ASPECTS
NATIONAL ENERGY ACT
RESOURCES
TAX CREDITS
TAXES