Tax Reform Act of 1984: oil and gas tax changes

Journal Article · Sat Dec 01 04:00:00 EST 1984 · Oil Gas Tax Q.; (United States)

OSTI ID:5979553

Cox, D B

The Tax Reform Act of 1983 favorably resolved some of the oil and gas industry's existing tax problems. It specifies certain changes involving royalty trusts, earnings and profits, percentage depletion and transfer rules, intangible drilling cost preferences, foreign oil income, economic performance test for accrual-basis taxpayers, cash-basis tax shelters, windfall profit tax on new discoveries, information exchange with states, partnership refunds of windfall profit tax, superfund, the use of helicopters, and other excise taxes. The author reviews the changes and their effect on the industry in each of these areas.

• Research Organization: Ernst and Whinney, Washington, DC
• OSTI ID: 5979553
• Journal Information: Oil Gas Tax Q.; (United States), Journal Name: Oil Gas Tax Q.; (United States) Vol. 33:2; ISSN OGTQD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
021000* -- Petroleum-- Legislation & Regulations
03 NATURAL GAS
031000 -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
DEPLETION ALLOWANCES
FINANCIAL INCENTIVES
GOVERNMENT POLICIES
INDUSTRY
LAWS
LEGAL ASPECTS
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
TAX LAWS
TAXES
WINDFALL PROFITS TAX