Assessment of the impact of changing tax laws on the petroleum refining industry

Journal Article · Sat Jun 01 00:00:00 EDT 1985 · Oil Gas Tax Q.; (United States)

OSTI ID:5661547

Nixon, C J; Wiggins, C E

Three probable candidates for tax changes include repeal of the investment tax credit and associated energy credits; a restructuring of the depreciation, depletion, and amortization rules; and a decrease in the corporate income tax rates. The authors examine the potential impact of selected proposed changes as set forth in the Treasury proposal on the ability of firms in the petroleum industry to finance capital investment. They analyze the refining industry because of its historically heavy reliance on investment incentives. The analysis shows that the overall tax liability of these firms would decrease through 1990, although the precise impact can only be estimated. 3 tables.

• Research Organization: Texas A and M Univ., College Station
• OSTI ID: 5661547
• Journal Information: Oil Gas Tax Q.; (United States), Journal Name: Oil Gas Tax Q.; (United States) Vol. 33:4; ISSN OGTQD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
ECONOMIC ANALYSIS
ECONOMIC IMPACT
ECONOMICS
FINANCIAL INCENTIVES
INDUSTRIAL PLANTS
INDUSTRY
INVESTMENT
LAWS
LEGAL ASPECTS
PETROLEUM INDUSTRY
PETROLEUM REFINERIES
TAX CREDITS
TAX LAWS