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Energy Provisions in the Bipartisan Budget Act of 2018

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July 2018
Pratt's Energy Law Report

On February 9, 2018, President Trump signed into law the Bipartisan Budget Act of 2018 (the “Act”) which retroactively extended some temporary tax breaks and includes some additional provisions which were left out of the Tax Cuts and Jobs Act of 2017. (References to “Code Section” are to the Internal Revenue Code of 1986, as amended.)

Other than several one year extensions of credits and deductions, as listed below, the Act included the following energy-related provisions:

In addition, the Act also provides for the retroactive, one-year extensions of the following tax credits, deductions and other special rules through the end of 2017:

This article was originally published by Chapman and Cutler LLP on May 11, 2018, and was republished by Pratt's Energy Law Report in its July/August 2018 issue. The republished article is posted with permission.

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