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End of oil depletion allowance faces Senate vote
Senate Revenue and Taxation Committee approved AB 177 ending California oil depletion allowances. The measure would raise state revenue by 43 million dollars next year, affect about 35 firms, and hinge on two thirds Senate support before returning to the Assembly and then Gov. Brown.
MENTIONED IN THIS ARTICLE
Bob Schmidt
Our
State Bureau
Sacramento
California
Senate
Bill Lockyer
D-San Leandro
Senate Revenue and Taxation Committee
Assembly
Brown
Lockyer
Joseph G. Shell
Independent Petroleum Assn
Jian
Long Beach
Leo McCarthy
San Francisco
McCarthy
Robert Burke
Huntington Beach