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Text File  |  1993-02-17  |  856b  |  21 lines
  1. REV-30 REPEAL TAX PREFERENCES FOR EXTRACTIVE INDUSTRIES
  2.  
  3.                                 Annual Added Revenues
  4.                                 (Billions of dollars)             Cumulative
  5. Addition to          -----------------------------------------    Five-Year
  6. CBO Baseline         1994     1995      1996     1997     1998     Addition
  7. ---------------------------------------------------------------------------
  8.  
  9. Repeal Expensing of
  10. Intangible Drilling,
  11. Exploration, and
  12. Development Costs      0.8      1.4       1.3      1.2      1.2        5.9
  13.  
  14. Repeal Percentage
  15. Depletion              0.5      0.9       0.9      0.9      0.9        4.1
  16.  --------------------------------------------------------------------------
  17.  
  18. SOURCE:  Joint Committee on Taxation.
  19.  
  20. ---------------------------------------------------------------------------
  21.