Senate Finance Committee Staff Infrastructure, Energy and Natural Resources Tax Reform Options Paper
On April 25, 2013, the Senate Finance Committee Staff released the Infrastructure, Energy and Natural Resources Option Paper. The options laid out in the paper were briefly discussed in a closed-door Finance Committee meeting today. The Paper does not provide any recommendations, but instead lists various options for reforming the existing tax code, including eliminating, replacing and modifying tax expenditures like the ITC and accelerated depreciation. Another option is to establish a carbon tax. SEIA will meet with Finance Committee staff and members to express the importance of retaining five-year MACRS and the ITC, as well as including a commence construction provision.