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Expert Analysis

Senate Renewal Of Tax Extenders Helps LNG Industry

Law360, New York (August 3, 2015, 6:13 PM EDT) -- On July 21, 2015, the Senate Finance Committee approved by 23-3 a bipartisan tax bill to renew for two years more than 50 expiring and expired tax provisions known as "tax extenders." The provisions that are being extended generally provide tax benefits designed to incentivize particular behavior from American taxpayers, such as using renewable energy. As originally enacted, most of these provisions are designed to be temporary incentives and remain in effect for short periods of time, primarily because of their high costs and impact on the federal budget. Thus, if not "extended," they will permanently expire....

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