Clean Energy Tax Credit Transfers Gather Steam — Slowly
Anne Loomis, a partner in Troutman Pepper's Tax Practice Group, was quoted in the October 26, 2023 Law360 article, " Clean Energy Tax Credit Transfers Gather Steam — Slowly."
"We are seeing, especially in the term sheet stages, a transferor wants to ask for control over the transferee's audit of the issue," Troutman Pepper tax partner Anne Loomis said. "Transferees, particularly some of the larger investors or large companies that are used to controlling their own audits, are uncomfortable with the idea of somebody else participating in or being in control of their tax audit."