Interior Department Repeals Valuation Rule, Rolling Back Tax Regulations on Energy Industry

Interior Department Repeals Valuation Rule, Rolling Back Tax Regulations on Energy Industry

In a “Sweeetheart Deal” to the energy industry, the Department of Interior repealed the Consolidated Federal Oil and Gas and Federal and Indian Coal Valuation Reform Rule (Valuation Rule) put in place by the Obama administration that curtailed a practice by the industry to short-change the  Federal government and Indian entities of royalty taxes owed to […]