What Energy Sector Should Expect From Biden's Tax Policies
Law360 (February 8, 2021, 11:59 AM EST) -- As the Biden administration takes shape, energy companies will be monitoring potential tax policy initiatives, especially those that could impact the energy sector.
Companies throughout the sector could be treated disparately, depending on how closely the underlying businesses and future aspirations tie to the new administration's focus areas.
Although the incoming administration has put forth bits and pieces on a variety of potential tax reforms and incentives, two focus areas have clearly emerged: a reduction or rollback of certain provisions of the 2017 Tax Cuts and Jobs Act and a focus on clean energy and reducing carbon emissions — while promoting U.S.-based...
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