David Burton Speaks with Media on “Fiscal Cliff” Legislation’s Impact on Renewable Energy
David Burton, a partner in Akin Gump’s tax and global project finance practices, is quoted in two renewable energy trade publications on the impact of the compromise tax deal reached by Congress and President Obama to avert the so-called fiscal cliff.
In North American Windpower, Burton discusses the extension of the wind energy production tax credit (PTC), which states that new projects must begin construction by January 2014 in order to receive a tax incentive. Burton notes that clarification of the legislation’s language will be needed to determine exactly what types of projects are eligible for the PTC.
Burton is quoted in Solar Industry magazine on how that industry is affected by the legislation. He says that the 30 percent investment tax credit currently in place for solar projects could be in jeopardy as the 2016 expiration date gets closer.