Division of Professional Affairs

GAC Tax Issues FY2010

Division of Professional Affairs

GAC Tax Issues FY2010

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Oil and gas related tax issues in President Obama’s FY2010 budget

Some DPA members have expressed concern over President Obama's proposed FY2010 budget. The language suggests a repeal of a large number of tax incentives available to U.S. oil and natural gas companies, as well as large and small investors in oil and gas, and the institution of new fees on non-producing acreage.

To provide DPA members with additional information on this issue, the Government Affairs Committee has compiled some external resources that may be of interest. Note that these external resources have not been formally reviewed or endorsed by AAPG.

Louisiana Oil and Gas Association
Circulating petition
Oklahoma Oil and Gas Association
News, talking points, guidelines for communicating with legislators
Independent Petroleum Association of America
Overview of tax issues included in Pres. Obama’s budget
ConocoPhillips
Act now for Energy campaign