To amend the Internal Revenue Code of 1986 to deny a deduction for removal costs and damages for which taxpayers are liable under the Oil Pollution Act of 1990.

H.R. 4853, tax issues that could impact oil and gas industry such as revenue offsets; H.R. 4213 Small Business and Infrastructure Jobs Tax Act, includes provisions related to incentivizing jobs, includes potential impacts to oil and gas industry taxes; Administrations Budget proposal, impacts to oil and gas industry including repeal of Section 199, repeal of IDC rules and repeal of LIFO; H.R. 5644, H.R. 5435, S. 3663, S. 3793, S. 3580, S. 3542, and S. 3405 all potential for tax changes that would impact oil and gas industry as included in the Administrations Budget proposal; H.R. 5995 and H.R. 5905 issue of deductibility of oil spill-related expenses.

Client expense: $2,155,000 · Firm income: Not reported

Government targets: Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Minerals Management Service, Natl Security Council (NSC), SENATE, State, Dept of (DOS)

H.R. 4213 Tax extenders bill would extend $30 billion worth of expired and expiring tax cuts with potential revenue offsets that would impact oil and gas industry; H.R. 5297 Small Business and Infrastructure Jobs Tax Act, a bill that includes provisions related to incentivizing jobs with revenue offsets potentially impacting oil and gas industry; H.R. 5995 and H.R. 5905 potentially impacting the ability to deduct oil spill related expenses; Administration Budget proposal impacting oil and gas industry; H.R. 5644, H.R. 5435, S. 3663, S. 3793, S. 3580, S. 3542, S. 3405 bills all containing repeal of Section 199, repeal of the Intangible Drilling Cost rules and repeal of Last In First Out.

Client expense: $1,860,000 · Firm income: Not reported

Government targets: Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Natl Security Council (NSC), Office of Management & Budget (OMB), SENATE, State, Dept of (DOS)