Enhanced oil recovery credit reinstated for 2016 | KPMG | GLOBAL

KPMG report: Enhanced oil recovery credit reinstated for 2016

Enhanced oil recovery credit reinstated for 2016

The enhanced oil recovery credit under section 43 will be applicable for 2016 without any phase-out.


Related content

Following a 10-year hiatus of the credit, many oil industry professionals may have little or no experience with the enhanced oil recovery credit; those professionals as well as individuals with prior experience may benefit from the summary refresher presented. 


Read a July 2016 report [PDF 108 KB] prepared by KPMG LLP: What’s News in Tax: Enhanced Oil Recovery Credit Reinstated for 2016

Read also a 2016 report [PDF 387 KB] prepared by KPMG LLP: The return of the enhanced oil recovery tax credit

© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal