TAX NEWS

Thursday, November 20, 2008

2008 Adjustment Factor Published; Enhanced Oil Recovery Credit Phased Out (Notice 2008-72)

Applicable Percentages for Depletion of Marginal Oil and Gas Properties Announced (Notice 2008-89)

Idaho --Corporate Income Tax: Loans Could Not Be Excluded From Apportionment Numerators

Oklahoma --Property Tax: Natural Gas Gathering Facility Not a Centrally Assessable Public Service Corporation

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