Cornyn moves to reduce taxes, royalties on oil sector

Cornyn moves to reduce taxes, royalties on oil sector

At a time when oil companies are struggling under a volatile energy market, Cornyn is proposing to expand the degree to which companies can deduct drilling costs and other expenses from their tax bill this year, while also reducing the amount of the federal fuel tax companies must deposit every two weeks from 95 percent of the tax to 25 percent. Read more.

/ Federal Legislation, News

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