December 18, 2023 Express Update

The Pennsylvania Senate and House were in session this past week, finishing the 2023-2024 state budget, and dealing with multiple other legislative subjects in the last session of the year. Specific components of the commonwealth’s budget were overdue since June 30th due to a number of disagreements between the Republican controlled Senate and the Democrat […]

The Pennsylvania Petroleum Association would like to recognize and thank the following individuals for their dedicated service as they near the end of their 3-year Board of Directors term.   (from left to right) PPA President Bruce Spiridonoff (Tevis Energy), Outing PPA Director Amy Highhouse (Highhouse Energy) and PPA Executive Vice President Ted Harris (Pennsylvania […]

Superfund Tax: The Superfund tax was reinstated beginning 1/01/23 and is adjusted annually for inflation. The inflation adjusted rate for 2024 is $0.26 cents per barrel of crude beginning 01/01/2024. The tax is paid by refiners and crude oil importers. No party below the terminal rack is liable for the tax. Refiners and importers pass […]

The Political Action Committee Chairman Jason Flohr would like to recognize POMPAC and Energy Defense Fund contributions in November 2023. November 2023 POMPAC Contributions The Pennsylvania Oil Marketer’s Political Action Committee (POMPAC) raises funds through personal contributions from industry stakeholders. The voluntary contributions made to the POMPAC Fund are used by the PPA to directly support political […]

IRS Expands Free Electronic Filing for 1099 Forms to all Businesses Regardless of Size Business taxpayers may now electronically file any IRS Form 1099 series information returns for free with the IRS Information Returns Intake System (IRIS). IRIS accepts 1099 series forms for tax year 2022 and after. IRIS is available to any business of […]