Originally published by Robert Jacobson, Elizabeth Behncke and Yaniv Maman.
An IRS official indicated that the government may reconsider its position in the recently issued proposed regulations under Section 7704(d)(1)(E) of the Internal Revenue Code regarding the production of olefins derived from natural gas liquids (NGLs). According to press reports, Curtis G. Wilson, IRS associate chief counsel (passthroughs and special industries), stated that the government […]
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