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The oil depletion allowance in American (US) tax law is a tax break claimable by anyone with an economic interest in a mineral deposit or standing timber. [citation needed] The principle is that the asset is a capital investment that is a wasting asset, and therefore depreciation can reasonably be offset (effectively as a capital loss) against income.
The Missouri Department of Elementary and Secondary Education (DESE) is the administrative arm of the Missouri State Board of Education that works with school officials, legislators, government agencies, community leaders, and citizens to maintain a strong public education system. Through its statewide school-improvement initiatives and its ...
Adding complexity to the problem, last month the Missouri State Board of Education’s Teacher Recruitment and Retention Blue Ribbon Commission reported that for teachers in schools with the ...
The Energy Tax Act (Pub. L. 95–618, 92 Stat. 3174, enacted November 9, 1978) is a law passed by the U.S. Congress as part of the National Energy Act.The objective of this law was to shift from oil and gas supply toward energy conservation; thus, to promote fuel efficiency and renewable energy through taxes and tax credits.
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Missouri State Teacher Association (MSTA) is a state teachers association that serves more than 46,000 educators in the U.S. state of Missouri and is dedicated to educating the state's children. The headquarters is located in Columbia, Missouri in the Missouri State Teachers Association Building , which is on the National Register of Historic ...
Sep. 7—The Shapiro Administration this week announced it has secured $76,406,474 in federal funding from the Biden-Harris Administration to address the plugging of orphaned and abandoned oil and ...
States usually calculate the tax based on the value and/or volume produced; sometimes the method differs for oil, natural gas, and condensates. [4] [5] Production from certain wells may be exempt from severance tax based on the amount of production (i.e. "stripper" wells) or the type of well (i.e. horizontal, tertiary, deep, etc). [5]