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Tax Policy

EEIA Letter to Congress re Intangible Drilling costs



Federal tax policy should continue to encourage capital investment, cost recovery and re-investment in exploration, production, transportation and processing of oil and gas. In particular, the current provisions for deductibility of intangible drilling costs should be maintained. These provisions have been in effect throughout much of the industry's history. Current law facilitates higher-velocity reinvestment in new wells, benefitting the economy and consumers by increasing supplies of oil and gas.

EEIA Letter to Congress re Intangible Drilling costs


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