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  • 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 […]

  • Energy Tax Facts
  • 9 Feb 16

U.S. Oil, Gas Producers React to Obama Budget, Tax Hikes

Statement from Barry Russell, president and CEO, Independent Petroleum Association of America (IPAA): “In the last five years, the success of America’s oil and natural gas industry has taken our nation from energy dependence and scarcity to security and abundance.  We have achieved status as a global energy leader.  Today, the United States’ energy resources are […]

  • Energy Tax Facts
  • 8 Feb 16

IPAA Combats Administration’s Proposed $10 Fee on Every Barrel of Oil

Last Thursday, the Obama Administration announced its plan to fund the nation’s transportation infrastructure with a  $10 fee on every barrel of oil produced in the United States.  Yet, the Administration was unclear on how this plan would work and how it would account for imported oil and petroleum products. IPAA was quick to respond […]

  • Energy Tax Facts
  • 3 Feb 15

President Obama’s 2016 Budget Proposal Derails Energy Progress

This week, President Obama released the administration’s budget proposal for Fiscal Year 2016. As in year’s past, the proposed budget takes aim at the critical tax-provisions that support America’s independent oil and natural gas producers, companies with an average of just 12 employees who drill 95 percent of the nation’s oil and natural gas wells. […]