Inflation Reduction Act
Impact on Individuals Operating a Business Directly or Indirectly through a Pass-Through Entity
A key element of the Tax Cuts and Jobs Act (TCJA) is the reduction in the effective federal income tax rate on certain qualified business income (QBI) earned by individuals either directly or indirectly through pass-through entities, including partnerships and...
Provisions Affecting the Renewable Energy and Power Industry
After a whirlwind three month legislative process marked by promise and peril for the renewable energy sector, the Tax Cuts and Jobs Act (TCJA)left the sector relatively unscathed. The Senate Finance Committee’s decision to forego an energy tax title carried...
The Lobby Shop: Tax-Mas Hangover? What's Coming Up in 2018
Welcome to 2018! After a holiday hiatus, we're back in The Lobby Shop with Liam Donovan to discuss the wrap of the tax reform bill, upcoming goals for Congress, and what the new year holds for US policy and politics...
The Tax Reform Roller Coaster Ends – Summary of Provisions Affecting Public Finance
On December 22, 2017, the President signed the Tax Cuts and Jobs Act (the “Final Bill”) into law, bringing an end to the nearly two-month rollercoaster ride that had the public finance industry white-knuckled and a little green in the...
Tax Reform Preserves PABs, Axes Advance Refundings
On December 15, 2017, the conference committee on tax reform (the “Conference Committee”) released its Conference Report (the “Conference Report”) describing the agreements forged to reconcile differences between the respective tax reform bills previously passed by the House and the...
The Lobby Shop: Bonus Episode: On the 36th Day of Tax-Mas...
It's been a hectic few months in Washington, and this week was no exception. With that in mind, here is a bonus episode featuring PRG's resident tax expert Liam Donovan on the latest in tax reform and what's up next...
SLGS Window Closing; Tax Reform Continues to Threaten Public Finance
On December 6, 2017, the U.S. Department of the Treasury announced the suspension of sales of United States Treasury Obligations – State and Local Government Series (i.e., SLGS), effective 12:00 noon Eastern Time, Friday, December 8, 2017 . New subscriptions...
Tax Reform Could Indirectly Eliminate Direct Pay Subsidy For Outstanding Tax Credit Bonds
An article released by The Bond Buyer on November 14, 2017, reports that, if Congress were to pass the proposed legislation released by the Committee on Ways and Means of the U.S. House of Representatives on November 2, 2017 (the...
The Impact of the Tax Cuts and Jobs Act on Executive Compensation
On November 9, 2017, the House Ways and Means Committee approved the House’s version of the tax reform bill (the “House Bill”) and voted to report it to the House floor for a full House vote. On the same day...
Senate Finance Committee Mark Eliminates Advance Refundings, Silent on Private Activity Bonds
Overview On November 9, 2017, the U.S. Senate Finance Committee released the Description of the Chairman’s Mark of the “Tax Cuts and Jobs Act ” (the “Senate Finance Committee Mark”), which sets forth a summary of the proposed tax reform...
The Lobby Shop: Tax-mas Part II: The Senate
Josh and Liam explore what's coming up for tax reform in light of this week's Senate tax plan and its differences and similarities compared to last week's House bill. We also discuss the news surrounding Roy Moore and how the...
Proposed Tax Reform Puts Key Public Finance Tools On the Chopping Block
On November 2, 2017, the Committee on Ways and Means of the U.S. House of Representatives released its highly anticipated proposed tax reform legislation (the “Proposed Legislation”). The Proposed Legislation deals a severe blow to issuers and conduit borrowers by...
The Lobby Shop: Merry Tax-mas! Unwrapping the House Tax Bill
Josh snags a few minutes with PRG's resident tax expert Liam Donovan for a quick, cursory discussion of the House's freshly released tax bill, the Tax Cuts and Jobs Act. Josh and Liam cover the highlights of the bill, predictions...
The Mineral Revolution: How The Recent Influx of Capital is Changing Deal Structures and Opportunities for Investment
Over the past twelve months, we have witnessed a rapid evolution in the way that E&P industry participants acquire and own minerals. While the perpetual nature and non-cost bearing aspects of mineral ownership have long aided in maintaining a floor...
The Lobby Shop: Budget on the Brain
Welcome to October! Tax reform is the name of the game in Washington right now, so today Josh sits down with new PRG team member and tax policy expert Liam Donovan to break down the process, budget challenges, the latest...