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Depletion Allowance Form Transfers Hospitalityguild Com

Depletion Allowance Form Transfers Hospitalityguild Com

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uh senator marshall well thank you chairman and my first question is going to be from mr atkins and it has to do with a pax benef a tax benefit that i believe both the oil and gas industry and the coal industry benefit from called the percentage depletion allowance one of the prerequisites here is that coal is a very cheap product and there's so many opportunities for it and it's my understanding in the infrastructure bill that's coming before us that we're considering that we would lose this percentage depletion allowance when i think about tax benefits that the different energies receive um i i think about the oil and gas industry coal industry if it was 1x you know probably the wind energy receives um seven times that and solar maybe 70 times that from from a benefit from the federal government and i always preface this by saying look i want to leave this environment cleaner healthier and safer than i found it as do all of us in the room but i can't drive the cost of energy up so mu

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