President Obama’s recently released budget proposal for the 2014 fiscal year contains energy-related tax provisions that include a permanent extension of the renewable energy production tax credit (PTC) and a provision making it refundable. Making the PTC permanent and refundable signals strong support for renewable energy.

The Obama administration’s budget proposal (Proposal) affects several energy-related tax provisions, some of which were also proposed in the 2013 revenue proposal...

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Derivatives, Energy Tax Incentives, Federal Budget, Investment Tax Credits, New Market Tax Credits, Production Tax Credit, Tax Credits

Published In: Elections & Politics Updates, Energy & Utilities Updates, Environmental Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© McDermott Will & Emery | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »