The depletion allowance is a benefit for the oil industry.
natural resources
Frequency:
60
%
The depletion allowance is related to the depletion of natural resources.
energy production
Frequency:
50
%
The depletion allowance incentivizes energy production.
tax code
Frequency:
45
%
The depletion allowance is a provision in the tax code.
Idiomatic Expressions for depletion allowance
Phrase: depletion allowance for mining
Meaning: a tax deduction allowed for companies engaged in mining activities to account for the depletion of mineral reserves
Usage: The government offers a depletion allowance for mining companies to encourage domestic mineral production.