Sen. Lankford Moves to Keep Traditional Energy Tax Deductions Democrats Want to Cut After 100 Years
August 08, 2022
August 08, 2022
WASHINGTON, Aug. 8 -- Sen. James Lankford, R-Oklahoma, issued the following news release on Aug. 7, 2022:
Senator James Lankford (R-OK) today offered an amendment to the Democrats' so-called "Inflation Reduction Act" of 2022 to exempt traditional energy cost recovery allowances, including percentage depletion, intangible drilling costs, geological and geophysical expenditures, natural gas gathering lines, and others from the book minimum tax. Lankford continues to pus . . .
Senator James Lankford (R-OK) today offered an amendment to the Democrats' so-called "Inflation Reduction Act" of 2022 to exempt traditional energy cost recovery allowances, including percentage depletion, intangible drilling costs, geological and geophysical expenditures, natural gas gathering lines, and others from the book minimum tax. Lankford continues to pus . . .