NSWA Join Renew

NSWA Mission Statement

It is the belief of NSWA that producers and operators of marginally producing wells have a unique set of needs and concerns regarding federal legislation and regulation. NSWA’s sole responsibility is advocacy on behalf of these small producers.
2018 Annual Meeting
& Energy Gala
To register or sponsor
CLICK HERE
See More See More

The Coming Battle over Pass-Through Income in Tax Reform

NSWA members understand how important the upcoming tax reform debate can be to the bottom line of small oil and gas producers.  The tremendous threat to percentage depletion, elimination of interest deductibility, and possible elimination of passive loss exemption are all significant issues facing the stripper well industry.  NSWA has been the national leader in fighting for the preservation of percentage depletion, and we are working with other groups to track and influence other issues as the debate develops.

One other major issue that will impact many stripper well producers, is upcoming changes to the treatment of pass through income.  As Congress considers major reductions to America’s corporate tax rate, small businesses are fighting to ensure business tax parity between corporations and pass through entities.  This difficult issue has become a major challenge as both Congress and the President are aiming for a 20% corporate tax rate while the president leaves personal tax rates as high as 35%.

Read More Here