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The Crude Oil Windfall Profit Tax Act: Context and Content

Description: Debate over natural gas pricing has included the consideration of a windfall profit tax, with the oil windfall profit tax as a possible guide to what might be levied on natural gas at the wellhead. This report reviews the issues surrounding the enactment of the crude oil windfall profit tax, spells out its provisions, and provides data on the revenues collected and anticipated.
Date: December 17, 1981
Creator: Gelb, Bernard A.
Partner: UNT Libraries Government Documents Department