December is often the busiest time in Washington, and this year is no different as Congress races toward the holiday finish line.
Tax Reform
What’s New In Washington – December 2017
By G. Hunter Bates, Brian Arthur Pomper, Donald Pongrace & Hal Shapiro | Akin Gump Strauss Hauer & Feld LLPSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.House And Senate Tax Bills Target Renewable Energy Projects
By J. Michael Cavanaugh & Kenneth Parsons | Holland & Knight LLP
The U.S. Senate passed its version of a bill to overhaul the U.S. tax code on Dec. 2, 2017, and is now working with the House of Representatives to reconcile its bill with the House’s version.
U.S. Tax Reform In Final Stretch
By Robert Glennon, John Stanton & James Wickett | Hogan Lovells
This past week, on 1 December, the Senate voted 51-49 to advance its version of U.S. tax reform legislation.
Senate Advances Tax Reform Bill
By Edward Froelich, David Goett, John Harper, Thomas Humphreys & Shiukay Hung | Morrison & Foerster LLP
On December 2, 2017, the Senate passed its version of tax reform legislation (the “Senate Bill”), advancing it to the next stage.
President Trump’s call for tax reform last week, kicking off the administration’s push for pro-growth measures to spur investment, create jobs and raise earnings is one we can certainly understand. The president said: “We need a competitive tax code that creates more jobs and higher wages for Americans. It’s time to give American workers the pay… Keep reading →
Evaluating Tax Reform Proposals And Their Potential Impact On The Energy Sector
By JOSHUA ANDREWS, DARRIN MUNOZ, ANDREW WHEELER | FAEGRE BAKER DANIELS
It has been over thirty years since the last major overhaul of the U.S. tax code, President Reagan’s Tax Reform Act of 1986.
Energy & Environment Update – May 2015
By JORDAN COLLINS, DAVID LEITER, SARAH LITKE, NEAL MARTIN | MINTZ LEVIN - ML STRATEGIES
The Senate is in session this week while House members are on a scheduled district work period. While the lower chamber is away, the Senate is likely to consider the Iran Nuclear Agreement Review Act of 2015, the Conference Report to the fiscal year 2016 budget, and other measures.
Energy News Roundup: Tax Extenders Bill Needs PTC, Noble to Ship Israeli Gas to Egypt LNG Plant & GOP Build Keystone Themselves
By Jared Anderson
Tax reform talk is heating up in Congress as they hurry to pass a tax extenders bill before year end. Iowa Senator Chuck Grassley wants the controversial wind energy production tax credit included in the bill. “I’m concerned about rumors that some are working to leave out or shorten the extension of the wind energy… Keep reading →
BP announced yesterday it will sell interests in four Alaska North Slope assets to Hilcorp, a comparatively small, independent, Texas-based operator. BP says the divestment will help focus on increasing output from the giant Prudhoe Bay field and an ambitious LNG export project. “There are some big benefits from this transaction,” said Janet Weiss, President… Keep reading →
With tax reform on the agenda in Washington this year, the oil & gas industry is paying close attention. One idea is to eliminate a provision that allows companies to write off intangible drilling costs. The industry argues this tax incentive allows them to continually invest in capital-intensive drilling programs and the country’s oil and… Keep reading →
