Tax Reform

What’s New In Washington – December 2017

Congress Meets As Government Shutdown Looms

December is often the busiest time in Washington, and this year is no different as Congress races toward the holiday finish line.

House And Senate Tax Bills Target Renewable Energy Projects

Congress Struggles With Funding Repairs To U.S. Capitol Dome

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

Congress Struggles With Funding Repairs To U.S. Capitol Dome

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

Australian Prime Minister Addresses Joint Meeting Of Congress

On December 2, 2017, the Senate passed its version of tax reform legislation (the “Senate Bill”), advancing it to the next stage.

Congress Meets As Government Shutdown Looms

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

Domestic Oil And Gas Production

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

As Default Deadline Nears, Congress Continues Debate Debt Ceiling Plan

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.

Report Claims 20 Percent Of US's Energy Could Come From Wind Power

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 →

Oil Prices Rise As BP Shuts Pipeline

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 →

Tax Preparers Work Night Shift As Tax Deadline Nears

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 →

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