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 […]
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 […]
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. […]
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 […]
IPAA recently released its 2012-2013 Profile of Independent Producers, a compilation and survey of the key characteristics of independent oil and natural gas companies and the issues they face. These energy producers – companies with an average of 12 employees who drill 95 percent of America’s oil and gas wells – continue to develop energy […]
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 […]
Barry Russell, president and CEO, Independent Petroleum Association of America: IPAA President & CEO Barry Russell issued the following statement in response to Chairman Camp’s tax reform proposal released today. “IPAA appreciates the effort that Ways and Means Committee Chair Dave Camp has put into the development of a federal tax reform proposal. This document […]
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