Wind Projects

Installed Wind Projects in the United States

The online Windpower Engineering & Development U.S. Wind Farm Map includes U.S. wind projects 1 MW and up.

Wind Power Map Link to find your state

Wind Power Map

Impact of the Tax Reform Act 2018

This update summaries the general changes of the tax law of particular interest to energy companies, as well as specific provisions targeted to particular taxpayers in the energy industry. Topics summarized below include

General Income Tax Changes

– Reduction of Corporate Income Tax Rate
– Changes to Pass-Through Taxation
– Limitation of Interest Deductibility
– Repeal of Corporate AMT
– New Restrictions on NOL Utilization
– Repeal of Technical Termination of Partnerships
– Changes to Depreciation Rules
– Repeal of Section 199 Deduction

Changes to International Tax Provisions

– Territorial Corporate Tax System
– Repeal of Active Trade or Business Exception under Section 367(a)
– Loss Recapture on Transfer of a Foreign Branch to a Foreign Corporation
– Deemed Repatriation of Deferred Foreign Earnings of 10%-Owned Foreign Corporations
– Current-Year Taxation for Global Intangible Low-Taxed Income for U.S. Shareholders of CFCs
– Effective 13.125% Tax Rate on Foreign-Derived Intangible

Income of a Domestic Corporation

– Other Changes to Subpart F Rules
– Anti-Base Erosion Rules
– Changes to Foreign Tax Credit System – The Base-Erosion Anti-Abuse Tax (BEAT)
– Shareholders Not Eligible for Preferential Tax Rate on Dividends from Inverted Companies
– Sale of a Partnership Interest by a Foreign Person
– Repeal of Fair Market Value Method of Interest Expense Apportionment

Impact to MLPs
Impact to Renewable Energy
Impact on Power Projects
Impact on Normalization Rules for Regulated Utilities
Proposed Energy Tax Changes That Were Not Enacted
Corporate Tax Rate Lowered

One such change is the reduction of the corporate income tax rate. The Act permanently reduces the corporate tax rate to a flat 21% beginning in 2018. When combined with the maximum 20% tax rate on qualified dividends paid by a C corporation to an individual shareholder, the effective tax rate on income of a C corporation distributed to its shareholders will be 36.8% (or 39.8% after the 3.8% Medicare tax on dividends).
Up to 20% Deduction for Qualified Business Income of Pass-Through Entities

Read More details at this article at Wind Power

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One comment on “Wind Projects
  1. danwillie says:

    Danwillie here. Find out what wind projects are in your state.

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