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114967 1 (1981-04-13)

handle is hein.gao/gaobadyrq0001 and id is 1 raw text is: 



            UNITED STATES GENERAL ACCOUNTING OFFICE
                    WASHINGTON, D.C. 20548



                                        FOR RELEASE ON DELIVERY
                                        EXPECTED AT 10:00 A.M. EST
                                        MONDAY, APRIL 13, 1981



                        STATEM'ENT OF

                WILLIAM J. ANDERSON, DIRECTOR

                GENERAL GOVERNMENT DIVISION               114967

                         BEFORE THE

  SUBCOMMITTEE ON COMMERCE, CONSUMER, AND MONETARY AFFAIRS      (401

          HOUSE COMMITTEE ON GOVERNMENT OPERATIONS

      ON/'FEDERAL GOVERNMENT EFFORTS TO ADMINISTER THE

         CRUDE OIL WINDFALL PROFIT TAX ACT OF 19827


Mr. Chairman and Members of the Subcommittee:

     We are pleased to be here to assist the Subcommittee in

carrying out its oversight responsibilities. Our testimony to-

day, which deals with Federal Government efforts to administer

the Crude Oil Windfall Profit Tax Act of 1980, is based on the

work we have done during the past 4 months in response to this

subcommittee's request. We have looked into IRS' initial efforts

to deal with the Act at the national, regional, and district of-

fice level. We have also analyzed the U.S Geological Survey's

role in computing, collecting, and accounting for (1) royalty

income derived from oil and gas produced on Federal lands and

(2) the windfall profit tax levied on Federal oil royalties.

Further, we discussed the Act's implications with oil industry

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