- What Tax Reform Means For The Energy Sector: Part 1
- January 16, 2018 | Author: Engin K. Nural
- Law Firm: Eversheds Sutherland (US) LLP - Washington Office
On December 22, 2017, the President signed into law the bill informally referred to as the Tax Cuts and Jobs Act, which was passed by the US House of Representatives and Senate earlier in the week. The House-Senate Conference Committee had released the final bill on December 15. The House previously passed its version of the bill on November 16, and the Senate previously passed its version on December 2.
The final legislation is far-reaching, and makes significant changes to how the United States taxes individuals, domestic businesses and multinational businesses. This two-part article series for Law360 focuses on the principal provisions in the law that impact the energy sector.In part one, Eversheds Sutherland attorneys Amish Shah, Bradley Seltzer and Engin Nural examine the legislation's treatment of the renewable energy and alternative fuel tax credits, the corporate tax rate, bonus depreciation and net interest deductibility.