IPAA Comments on Chairman Baucus’ Proposal to Reform Cost Recovery and Tax Accounting Rules

IPAA Comments on Chairman Baucus’ Proposal to Reform Cost Recovery and Tax Accounting Rules

IPAA, along with more than 45 organizations representing thousands of independent oil and natural gas explorers and producers, recently submitted comments to the Senate Committee on Finance regarding Chairman Baucus’ proposal to reform cost recovery and tax accounting rules and how it would significantly impact American oil and natural gas development.