Petition: Asking that the IRS overturn its position on the deductibility of expenses paid with PPP funds

The Independent Oil and Gas Association of West Virginia (IOGA) wishes to inform you that, in response to the coronavirus pandemic, Federal and State governments implemented stay at home orders that brought our economy to a halt. To help businesses survive, the CARES Act introduced the Paycheck Protection Program. This relief was administered in the form of forgivable loans if certain requirements were met. Currently, if the loans are forgiven, the IRS has deemed the expenses covered with the PPP funds non-deductible for taxes. We believe this position should be overturned because many businesses have used these funds to maintain or grow their businesses. If they are then required to come up with funds to cover a substantial tax liability, it could cause them undue financial distress.

IOGA would like to encourage our members to read and support this petition by signing it. Thank you for your continued support of the Independent Oil and Gas Association of West Virginia.

To read more about the petition or sign, click here.
Antero Resources & Antero Midstream Launch Community Foundation, Partner with Mountaineer Food Bank on Campaign to Raise $300,000 Toward Combating Food Insecurity
The Antero Foundation will match up to $150,000 in donations during Mountaineer Food Bank’s “We’re Here” campaign
Bridgeport / Gassaway, W.Va. – Antero Resources and Antero Midstream launched the Antero Foundation, a community charitable giving organization, today, and will partner with Mountaineer Food Bank to match up to $150,000 in donations received during the food bank’s “We’re Here” campaign. The statewide giving campaign is the Foundation’s inaugural project and one-third of the funds raised will support communities across north central West Virginia communities.

“Giving back and supporting the communities where we operate and our employees live will always be core to our values, and we are proud to officially launch The Antero Foundation as a community-focused organization that will allow us to further expand our giving ability,” said Al Schopp, Antero Resources Chief Administrative Officer and Regional Senior Vice President. “This pandemic has affected all of us, with families turning to food banks for support, including many for the first time. We are proud to partner with Mountaineer Food Bank and continue our years-long partnership with local organizations to support the programs and missions that meet such a critical need of addressing hunger in our communities.”

In West Virginia, more than 250,000 people struggle with hunger and, of them, nearly 75,000 are children. Located in Gassaway, Mountaineer Food Bank provides food and other household items to homes in 48 counties across the state. The Food Bank is also involved in organizing soup kitchens, backpack programs, mobile food pantries, senior programs, and shelters, and, as the state’s largest emergency food provider, supplies 20.7 million pounds of food annually in collaboration with the West Virginia Department of Agriculture.

“Hunger is a hidden crisis that has only been made worse by the COVID-19 pandemic. It impacts families, individuals, and children throughout the state, leaving the most vulnerable among us with the inability to meet the basic need of putting food on the table,” said Mountaineer Food Bank Executive Director, Chad Morrison. “We can’t end hunger alone, so we’re thrilled to have the support of Antero through the Foundation’s match. Through their efforts, we can better serve our neighbors in need and continue providing food to those who may not know where their next meal is coming from. Antero’s generosity truly means the world to us and those struggling with food insecurity.”

The Foundation’s support for anti-hunger programs in West Virginia continues Antero’s annual efforts to recognize community food programs across the north central West Virginia area. Since 2016, the company has donated more than $150,000 toward food programs in the state.

“I’ve said many times, when we have a neighbor in trouble, we all need to step up and do everything in our power to help, and making sure that West Virginians have enough food on the table is one of the very most important things that we can ever do,” said West Virginia Governor Jim Justice. “That’s why I’m so proud of the Antero Foundation for stepping up and helping with this generous donation to our Mountaineer Food Bank. The folks at Antero Resources bring all kinds of goodness to West Virginia, in terms of jobs, natural gas, and economic impact. But I’m very happy to see them going above and beyond to ensure that no one goes hungry, even during these difficult times we’re all facing this year. That’s exactly what it means to help your neighbor and what it means to be West Virginia Strong.”

To donate and learn more about what you can do to help, please visit https://www.anteroresources.com/antero-foundation/mission

# # #

To learn more about Antero, West Virginia’s leading natural gas producer, visit AnteroResources.com and AnteroMidstream.com. For news and updates, follow us on Twitter (@AnteroResources), Facebook, and LinkedIn.

Mountaineer Food Bank feeds West Virginia’s hungry through a network of member feeding programs and engages the state in the fight to end hunger. To learn more, visit MountaineerFoodBank.org.