• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Electric Power Supply Association

  • Podcast
  • About EPSA
    • Our Policy Principles
    • EPSA Members
    • Our Staff
    • Careers
  • Contact
  • FAQ
EPSA

EPSA

  • Filings
    • Federal Energy Regulatory Commission
    • Federal
    • Judiciary
    • State
    • ISOs/RTOs
  • Newsroom
    • Press Releases
    • Media Contacts
    • Power Moves Newsletter
    • Factsheets and White Papers
    • Opinion and Commentary
    • Social Media
    • Podcast
  • Competitive Solutions
    • Reliable Power
    • Cost Savings
    • Environmental Progress
      • Competitive Emissions Policy Primers
    • Energy Innovation
    • In Your State
  • For Members
    • EPSA Membership
    • Committees
  • PowerFacts Blog
Home / Filings / EPSA Joins Comment Letter to Treasury and IRS on Future Guidance Implementing New Corporate Alternative Minimum Tax

March 17, 2023

EPSA Joins Comment Letter to Treasury and IRS on Future Guidance Implementing New Corporate Alternative Minimum Tax

By EPSA

Docket: Notice 2023-7

Date Filed: March 14, 2023

Filing Summary:

On March 14, EPSA joined a joint Request for Comments letter to the U.S. Treasury Department and Internal Revenue Service on the agencies’ request for future guidance implementing the new corporate alternative minimum tax (CAMT) (Notice 2023-7). The joint letter from a diverse group of energy and other industry associations requests “that guidance be issued that excludes from applicable financial statement income (AFSI) unrealized gains and losses on investments that are marked to fair market value for book purposes but not for tax purposes.” Signatories argue that this exclusion would be consistent with the purpose of the CAMT and that Congress has consistently rejected proposals to tax unrealized gains. The letter also argues that future guidance should exclude certain unrealized gains and losses from AFSI, including hedging related to wholesale sales and purchases for electric power generation load obligations. In addition to EPSA, signatories to the letter are:  American Exploration and & Production Council, American Investment Council, American Petroleum Institute (API), Energy Infrastructure Council, Interstate Natural Gas Association of America (INGAA), The Real Estate Roundtable, Reinsurance Association of America, and the U.S. Chamber of Commerce.

Primary Sidebar

Download PDF

Share

Home Page Help Area

Sign up for EPSA’s Power Moves newsletter – a monthly update on the road to a cleaner, affordable and reliable energy future that works for all Americans.

LEARN MORE

Footer

1401 New York Ave. NW
Suite 950
Washington, DC 20005

p 202.628.8200
f 202.628.8260

  • Facebook
  • LinkedIn
  • Twitter
  • Home
  • About EPSA
  • Filings
  • Newsroom
  • For Members
  • Contact
  • PowerFacts Blog
  • FAQ

Copyright © 2023 | Electric Power Supply Association. All rights reserved. | Privacy Policy >