• What Tax Reform Means For The Energy Sector: Part 2
  • January 16, 2018 | Author: Engin K. Nural
  • Law Firm: Eversheds Sutherland (US) LLP - Washington Office
  • Law360

    Full article

    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 two, Eversheds Sutherland attorneys Amish Shah, Bradley Seltzer and Engin Nural consider the new law's effects on base erosion, the corporate alternative minimum tax, net operating losses, contributions in aid of construction, partnership and other pass-through income and Section 199 domestic production activities.