PETROLEUM
Petroleum Tax Incentives 1968-2000
Excess of percentage over cost depletion $81,679-$82,085
Expensing of exploration and development costs $42,855-$54,580
Petroleum Tax Incentives 1980-2000
Alternative nonconventional fuel production credit $8,411-$10,542
Expensing of tertiary injectants $330
Petroleum Tax Incentives 1988-2000
Oil and Gas exception from passive loss limitation $1,065
Petroleum Tax Incentives 1994-2000
Credit for enhanced oil recovery costs $482-$1,002

ETHANOL

Ethanol Tax Incentives 1979-2000
Partial exemption from the excise tax for alcohol fuels $7,523-$11,183
Ethanol Tax Incentives 1980-2000
Income tax credit for alcohol fuels $198-$478

(Source: GAO/RCED-00-301R)

Contact the American Oil and Gas Coalition for more information at 1-888-560-1049

BACK