Tag: tax

  • Energy Tax Facts
  • 13 Jan 14

Industry Coalition Sends Letter to Chairman Baucus on Tax Reform

  • Energy Tax Facts
  • 13 Jan 14

IPAA COOP Sends Letter to Tax Committees

  • Energy Tax Facts
  • 13 Jan 14

Hays Post (KIOGA’s Ed Cross): IDCs and Percentage Depletion Important for American Energy

As the American economy continues to struggle for recovery, policymakers and the public need to be aware of the key advantages available to our nation through increased domestic oil and natural gas production. A recent Harris Interactive poll shows that American voters see great value in a strong domestic energy sector. Nine out of ten […]

  • Energy Tax Facts
  • 19 Nov 13

The Hill (Op-Ed): Tax reform: A mountain too tall to climb?

The chairs of the House Ways and Means and Senate Finance committees have made tax reform a top priority.  Both are making a concerted effort to develop a consensus within their committees.  In addition, the special budget committee co-chaired by Sen. Patty Murray (D-Wash.) and Rep. paul Ryan (R-Wis.) has made tax reform a major […]

  • 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 […]

  • Energy Tax Facts
  • 22 Jul 13

Oil and Gas Journal: Study details impacts of repealing IDC deduction

Repealing the federal tax provision allowing oil and gas producers to deduct certain intangible drilling costs (IDCs) effective Jan. 1, 2014, would cost 190,000 US jobs in the first year and would cut drilling investments in the US by $407 billion over 10 years, a new study commissioned by the American Petroleum Institute found. “The […]