COOPERS & LYBRAND SEES BOOST FOR E&D IN PROPOSED AMT RELIEF FOR INDEPENDENTS

Alternative minimum tax (ANT) provisions in federal omnibus energy legislation likely would increase U.S. exploration and development, a major accounting firm's national director of energy industry taxation says. "If language proposed in HR 776 by Rep. Bill Archer (R-Tex.) remains intact, producers should benefit substantially because they will be allowed to drill more wells without additional tax" said Coopers & Lybrand's John Swords. Swords said Archer's proposal through 1997

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