• 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 […]

  • Energy Tax Facts
  • 24 Apr 17

Tax Reform & the Oil and Natural Gas Industry: What You Need to Know

The Trump administration and Congress have announced plans to reform the tax code in the months ahead, with President Trump stating there will be a “big announcement on Wednesday.” No doubt any updates to the U.S. tax code will include a high level of debate, with changes to the corporate tax rate, import rates, and more […]

  • AdamS
  • 15 Aug 16

New Report Misses the Mark on Energy Tax Deductions

A new report released by the Council on Foreign Relations analyzes the role of three tax provisions on the oil and natural gas industry in an effort to determine the impact of removing these historic deductions from the U.S. tax code. Unfortunately, the report fails to understand the larger consequences of eliminating these provisions, including […]

  • Energy Tax Facts
  • 18 Jul 16

Chairman Brady Releases Tax Reform Proposal

This June, House Committee on Ways and Means Chairman Kevin Brady (R-TX) released the framework of a major tax reform proposal. This proposal addresses reforms to corporate, individual and international tax policy. Chairman Brady has developed this proposal to initiate efforts to reform the current federal tax code in order to make taxes fairer to […]