INGAA Letter to Baucus and Rangel Advocating Bonus Depreciation in Jobs/Tax Legislation

On February 2, 2010, INGAA sent a letter to Chairmen Baucus and Rangel advocating an extension of bonus depreciation for new pipelines authorized prior to July 1, 2011 and placed in service by December 31, 2013. This extension of the in-service date would recognize the value of constructing new pipeline infrastructure, while also acknowledging the lengthy approval process for such projects.