Tax Reform Oil & Gas

News & Analysis as of

Wolf Budget Proposes Extraction Tax

On March 10, 2015, Pennsylvania Governor Tom Wolf-(D) provided the text of his proposed changes to the Tax Reform Code of 1971 that would levy a tax on the extraction of natural gas in the Commonwealth of Pennsylvania. ...more

President Obama Releases Budget Request, Commits Heavily to Energy and Climate Push

On Monday, President Obama released his fiscal year 2016 budget request as Congress continues to address energy issues including the Keystone XL pipeline, LNG export legislation, and tax reform. ...more

114th Congress Review

With the 114th Congress now officially underway with the Republican Party in control of the House of Representatives and the Senate, ML Strategies will continue our tradition of offering an annual Legislative and Regulatory...more

Weekly Update from the NC State House - May 2014: After a very busy first two days of session last week, the General Assembly...

Another Hectic Week - After a very busy first two days of session last week, the General Assembly returned to Raleigh this week with a fully packed agenda. Among other things, they took up fracking, regulatory reform,...more

Energy And Environment Update -- February 10, 2014

In This Issue: Energy and Climate Debate; Congress; Administration; Department of Agriculture; Department of Interior; Environmental Protection Agency; International; States; Sustainability; and Miscellaneous....more

CRS Report on the Administration’s Proposal to Repeal Tax Breaks for the Oil & Gas Industry

The Congressional Research Service (CRS) on October 30 published a report on the Obama Administration’s proposal to repeal or modify certain tax benefits provided to the oil and gas industry. ...more

Energy And Environment Update -- February 17, 2013

In This Issue: Energy and Climate Debate; Congress; Department of Defense; Department of Energy; Department of Interior; Environmental Protection Agency; Federal Energy Regulatory Commission; Government Accountability...more

Tax Reform and the Oil and Gas Industry by Michael A. Andrews

A great deal of attention been focused on the generous tax incentives for the renewable energy industry that were added to the "fiscal cliff " legislation during the closing hours of negotiations. Those provisions have a net...more

Washington Insight - January 2013

In This Issue: - President Obama Sworn in for a Second Term - 113th Congress Underway - More Fiscal Challenges in Store - Cabinet Re-Shuffle - A Game of Musical Chairs - Tax Reform and...more

Energy Newsletter - February 2013

In This Issue: - DISPUTE RESOLUTION: - International Arbitration: EU Member State Defends Measures Adverse to Energy Sector Investments on the basis of EU law - REGULATORY: - Competition Law/Russia: Russia...more

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