Tag: taxes

  • 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
  • 26 Sep 14

Senate Finance Committee Talks Energy Taxes

This month, the Senate Finance Committee held a hearing on the U.S. tax code as it pertains to American energy development, including the role and future of certain provisions that impact America’s independent oil and natural gas producers. Present at the hearing was the Honorable Don Nickles, who served in the U.S. Senate from 1981 […]

  • Energy Tax Facts
  • 22 Sep 14

Tyler Morning Telegraph: Alex Mills of the Texas Alliance of Energy Producers Discussed Energy Tax Reform

The federal tax code is voluminous and complicated. Just about everyone who has filed a federal income tax return knows how complicated it can be. However, attempts to simplify and shorten the tax code have failed time and time again, because the tax laws and regulations have been used over and over again to encourage […]

  • Energy Tax Facts
  • 12 Jun 14

Washington Times (Op-Ed): Unfair efforts to punish the oil industry with taxes

The small and independent energy companies that have driven welcome developments such as the shale-gas boom in North Dakota, Pennsylvania, Ohio, Arkansas and elsewhere could be hit hard, too. Various proposals to alter percentage depletion and intangible drilling cost write-offs, tax-law sections that have equivalents in many other industries, are of special concern to them.

  • Energy Tax Facts
  • 10 Apr 14

Broad Resources Industry Coalition Urges Preservation of Percentage Depletion Tax Deduction; Repeal Would Put Jobs at Risk

Washington, D.C. – The tax reform discussion draft released recently by House Ways and Means Committee Chairman Dave Camp (R-MI) would repeal the percentage depletion deduction. A broad group of resources industries trade associations, listed below, urges Congress to reject this unwarranted proposal that would significantly harm the competitiveness of American resources producers. U.S. mineral, […]

  • Energy Tax Facts
  • 10 Mar 14

IPAA Responds to President Obama’s 2015 Budget

Last week, President Obama released his final 2015 budget. As in years past, the president repeated his call to repeal certain tax provisions that support American energy development, including the Intangible Drilling Cost (IDC) deduction. This action would not only impact the ability of America’s independent oil and natural gas producers – companies that account […]

  • Energy Tax Facts
  • 4 Mar 14

O&G Journal: IPAA Reacts to President Obama’s 2015 Budget

  • Energy Tax Facts
  • 27 Feb 14

Multi Industry Letter on Cost Recovery