David Burton Discusses Tax Equity in Article for Power Finance & Risk
Contact:
Power Finance & Risk has published an article by Akin Gump tax partner David Burton that looks at the benefits of, and applicable rules pertaining to, tax equity.
In “OCC Regulatory Benefits for Banks’ Tax Equity Investments,” Burton notes that, in addition to occasionally providing financial and tax benefits, tax equity also assists banks with meeting certain financial regulation requirements. Before making an investment, Burton advises that banks should obtain an informal ruling from the Office of the Comptroller of the Currency as to that investment’s eligibility under the Public Welfare Investment Authority.
© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.