EITF Recommends New Exposure Draft for GAAP Changes to Energy Tax Credit Investments
The Financial Accounting Standards Board’s Emerging Issues Task Force (EITF) today voted to issue a new exposure draft of changes to accounting for energy tax credit investments, subject to the completion of certain administrative procedures. The EITF will consider the conditions developed for low-income housing tax credits in evaluating energy tax credit investments. EITF said that it wanted to collect more information from stakeholders and staff before making a final decision.
For a more detailed discussion of the meeting, check out the Nov. 19 Tax Credit Tuesday podcast.