Tax Reform Bill Supports American Offshore Energy

For Immediate Release: Thursday, November 16, 2017
Contact:  Justin Williams, (202) 465-8464, jwilliams@nullnoia.org

Tax Reform Bill Supports American Offshore Energy

Washington, D.C. – NOIA President Randall Luthi issued the follow statement after the House of Representatives passed tax reform legislation:

“Today’s timely passage of the Tax Cuts and Jobs Act by the House of Representatives means modernization of the tax code is one step closer to becoming reality. American businesses and workers, including those involved in offshore energy production, have long needed a fairer and more competitive tax system. If the U.S. is to become energy dominant, American businesses and workers need a tax system and regulatory environment that provide certainty, clarity and simplicity. NOIA encourages Congress to continue to fine tune this tax reform legislation to complement America’s “all of the above” energy strategy and bring much needed jobs, investment and business opportunities back to America.

“Speaker of the House Paul Ryan (R-WI) and House Committee on Ways and Means Chairman Kevin Brady (R-TX), along with all of the bill’s supporters, deserve our thanks and congratulations for a job well done. NOIA looks forward to working with the Senate in the next steps of the legislative process.”

ABOUT NOIA

NOIA is the only national trade association representing all segments of the offshore industry with an interest in the exploration and production of both traditional and renewable energy resources on the nation’s outer continental shelf.  NOIA’s mission is to secure reliable access and a fair regulatory and economic environment for the companies that develop the nation’s valuable offshore energy resources in an environmentally responsible manner. The NOIA membership comprises approximately 250 companies engaged in business activities ranging from producing to drilling, engineering to marine and air transport, offshore construction to equipment manufacture and supply, telecommunications to finance and insurance, and renewable energy.