• Energy Tax Facts
  • 30 Nov 17

Four Reasons Congress Must Consider America’s Independent Oil, Gas Producers in Tax Reform Debate

In recent weeks, Congress has been taking steps to pass what will be the most comprehensive tax reform bill in over 30 years. Earlier this week, the Senate Budget Committee approved the GOP tax reform plan, moving it to the Senate floor as President Trump made a trip to the Hill to discuss the legislation […]

  • Energy Tax Facts
  • 16 Nov 17

House Approves Pro-Growth, Pro-Energy Tax Reform Legislation

The U.S. House of Representatives took a significant step forward on tax reform this afternoon by passing a pro-growth, pro-jobs bill. “Meaningful reforms, like lowering the corporate tax rate and strong cost-recovery provisions, will be an important shot in the arm for the U.S. economy and will help independent oil and natural gas producers of […]

  • Energy Tax Facts
  • 2 Nov 17

House Republican Leadership Releases Tax Reform Legislation

Earlier today, the U.S. House of Representatives Republican leadership released its tax reform legislation. The bill is comprehensive. It changes corporate tax rates to a single 20 percent rate and creates a 25 percent rate for pass-through entities. Full expensing of capital expenditures is provided through 2022. The Alternative Minimum Tax is repealed. Importantly, for […]

  • Energy Tax Facts
  • 27 Sep 17

On Tax Reform, Capital Recovery Provisions Critical for Independent Oil and Natural Gas Producers

Representing the nation’s independent producers that develop 90 percent of America’s oil and natural gas and generate 4 percent of the U.S. Gross Domestic Product, Independent Petroleum Association of America (IPAA) President and CEO Barry Russell issued the following statement on the Republican tax reform plan announced today: “Today’s tax reform framework is a positive […]

  • Energy Tax Facts
  • 7 Sep 17

OpEd: Don’t Let Tax Reform Hamper The Nation’s Energy Needs

IPAA President Barry Russell writes on tax reform and our nation’s energy needs in Investor’s Business Daily. As Russell states, “As Washington, D.C., looks to tackle reforming the tax code, the critical role of American energy production cannot be overlooked. Tax reform is essential to keep the U.S. economy growing. This effort needs to move […]

  • Energy Tax Facts
  • 29 Aug 17

Capital Recovery Critical to Supporting Small Businesses behind Energy Development

A simple tax rate cut appears smart on first glance, but for critical energy development the issue is far more complex. Historic tax provisions in the tax code like the Intangible Drilling Costs and percentage depletion deductions are critical to how this industry, like many others with high upfront costs, manages its capital budgets and […]

  • Energy Tax Facts
  • 18 Jul 17

IPAA Submits Comments to Senate on Tax Reform

This week, the Independent Petroleum Association of America (IPAA) submitted comments to the Senate Finance Committee on upcoming tax reform efforts in Congress. IPAA’s comments focus on the role of the U.S. tax code in ensuring the continued production of abundant American natural resources and the future of the small businesses that support this job-creating […]

  • Energy Tax Facts
  • 27 Jun 17

ACCF Touts Importance of Energy Tax Provisions

As Energy Week kicks into gear in Washington, D.C. this week, events and commentary from across the country continues to tout the important role of increased oil and natural gas development for our economy, security, and environment. Topics have ranged from the technology behind new energy development to the important role of the tax code […]