Senators Marshall, Lankford Introduce Bill to Encourage Responsible Oil Well Management in the Heartland
September 26, 2024
September 26, 2024
WASHINGTON, Sept. 26 -- Sen. Roger Marshall, R-Kansas, issued the following news release:
Senator Roger Marshall, M.D., and Senator James Lankford (R-OK) introduced legislation to support small oil producers and help better utilize resources when closing wells after production.
This legislation offers a tax incentive that allows producers to deposit funds into a tax-free account. The principal and any gains can be realized without tax if the money is spent on capping a . . .
Senator Roger Marshall, M.D., and Senator James Lankford (R-OK) introduced legislation to support small oil producers and help better utilize resources when closing wells after production.
This legislation offers a tax incentive that allows producers to deposit funds into a tax-free account. The principal and any gains can be realized without tax if the money is spent on capping a . . .