Application of I. R. C. Section 617 to geothermal exploratory costs

Journal Article · Mon Jun 01 04:00:00 EDT 1981 · Oil Gas Tax Q.; (United States)

OSTI ID:6206441

Stoney, Jr, C J; Pesiri, E G

This article: (1) traces the pertinent legislative history of Section 617 prior to the Energy Tax Act of 1978; (2) reviews and analyzes the judicial tax treatment of geothermal resources; (3) reviews and analyzes the provisions and legislative history of the Energy Tax Act of 1978; and (4) concludes that the judicial and legislative tax treatment of geothermal resources provide substantial authority that geothermal exploratory costs are deductible under Section 617. 35 references.

• Research Organization: Petty, Andrews, Tufts and Jackson, San Francisco, CA
• OSTI ID: 6206441
• Journal Information: Oil Gas Tax Q.; (United States), Journal Name: Oil Gas Tax Q.; (United States) Vol. 29:4; ISSN OGTQD
• Country of Publication: United States
• Language: English

Related Subjects

15 GEOTHERMAL ENERGY
150400* -- Geothermal Energy-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
299002 -- Energy Planning & Policy-- Geothermal-- (-1989)
ENERGY TAX ACT
EXPLORATION
GEOTHERMAL RESOURCES
LAWS
LEGAL ASPECTS
NATIONAL ENERGY ACT
NATIONAL ORGANIZATIONS
REGULATIONS
RESOURCES
TAXES
US DEPARTMENT OF TREASURY
US IRS
US ORGANIZATIONS