- Energy Tax Facts
- 13 Jan 14
- Energy Tax Facts
- 4 Dec 13
Oil and Gas Journal (Column): Reform Targets Tax Measures Vital to Producers, Refiners
The chairman of the US Senate Committee on Finance proposes generally righteous tax reform that would specifically hurt oil and gas producers and refiners. The tax code needs work in important areas like simplicity, fairness, and international competition. But Sen. Max Baucus (D-Mont.) is considering measures that would discourage activity in a lively part of […]
- Energy Tax Facts
- 4 Dec 13
Oil and Gas Journal: Baucus Circulates Proposal To Change Federal Oil, Gas Taxes
US Senate Finance Committee Chairman Max Baucus (D-Mont.) released a federal tax reform discussion draft that would make intangible drilling costs, tertiary injectant expenses, and geological and geophysical expenses “qualified extraction expenses” similar to research and experiment outlays. It also would repeal the percentage depletion allowance, another federal tax provision that independent producers consider essential […]
- Energy Tax Facts
- 22 Nov 13
IPAA Responds to Chairman Baucus’ Proposal on American Energy Taxes
This week, Senate Finance Committee Chairman Baucus moved forward efforts to update America’s tax code. Unfortunately, the Chairman’s draft proposal includes repealing certain historical tax provisions that are critical to the continued development of American energy such as the Intangible Drilling Costs (IDCs) deduction. In response to Chairman Baucus’ proposal, Independent Petroleum Association of America […]
