Coalition Comments for the Record on the Senate Committee on Finance Proposal to Reform Cost Recovery and Tax Accounting Rules

Coalition Comments for the Record on the Senate Committee on Finance Proposal to Reform Cost Recovery and Tax Accounting Rules

A coalition consisting of more than a dozen trade associations recently submitted comments to the Senate Committee on Finance regarding its staff discussion draft on cost recovery, specifically the proposed repeal of percentage depletion and how it would be harmful to the competitiveness of American natural resources industries.