Client Alert Addresses Tax Legislation Effect on RETCs

Friday, December 22, 2017 - 11:45am

A client alert authored by Novogradac & Company partner Stephen Tracy, CPA, highlights the impact of the Tax Cuts and Jobs Act on the renewable energy tax credit industry. The document explains the effect on RETCs of the reduced corporate tax rate, the Base Erosion and Anti-abuse Tax (BEAT), interest expense limitation/alternative depreciation system, 100 percent asset expensing and a change in the status of prepaid power contracts. The alert also highlights how some other provisions could affect the RETC industry.