ICF: CHANGE SECTION 29 TAX CREDITS

Federal tax credits for producing U.S. unconventional gas should be changed to restore original energy objectives of Congress, says ICF Resources Inc., Fairfax, Va. ICF suggests how Section 29 tax credits might be changed in an analysis drawing on a confidential survey of 60 producers of unconventional gas resources (UGRS) and two earlier ICF Section 29 studies. The analysis comes at a time when Section 29 incentives are stirring debate in Congress and controversy in the U.S. gas industry.

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