Tag: IDC

  • Energy Tax Facts
  • 30 Jan 14

SOTU Emphasizes Importance of Continued American Energy Production

This week, President Obama took the stage for the 2014 State of the Union to reflect on the past year, project his plans for  2014, and – as he has done in many years prior – emphasize the critical role of American energy for the U.S. economy. As the President highlighted, the United States is […]

  • Energy Tax Facts
  • 22 Oct 13

Oil and Gas Supply Chain Group Supports the IDCs Deduction

This week the Energy Equipment and Infrastructure Alliance (EEIA) sent a letter to leaders of the House Ways & Means and Senate Finance Committees urging members to reject any proposal to eliminate the expensing of intangible drilling costs (IDCs) as part of any comprehensive tax reform.  Significantly, the EEIA does not represent oil and gas […]