Foley Attorneys Discuss Tax Reform’s Effect on Renewable Energy Investments

05 February 2018 American Banker News
John Eliason, David Weisblat, Kurt Rempe and Tori Roessler’s recent blog post was featured in an American Banker article, “Tax Law Forces Rethink of Banks’ Commitment to Renewable Energy,” which discussed how the Trump administration’s tax reform will impact banks’ clean energy investments.

American Banker quoted from Foley’s blog post about the new law that while it may limit deductions, it also “cuts the tax rate and provides for 100% expensing for new and used property.” The law’s benefits could create more overall projects, creating increased opportunities for financial institutions despite a lower rate.

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