Washington, DC – ConservAmerica sent a letter to Assistant Secretary for Tax Policy Ken Kies yesterday, in support of a predictable and fair tax code, as the Department of Treasury works to implement President Trump’s recent Executive Order (EO), entitled Ending Market Distorting Subsidies for Unreliable, Foreign Controlled Energy Sources. This EO, which followed the signing into law of the One Big Beautiful Bill Act, directs the Treasury to consider issuing guidance with respect to sections 48E and 45Y of the tax code to restrict the use of “safe harbors.”
ConservAmerica President Jeff Kupfer issued the following statement in conjunction with the letter:
"As an organization focused on market-based solutions to the country’s energy challenges, we believe that it is essential to have a predictable and stable framework for businesses and private sector investment. As such, we urge that any Treasury guidance on the One Big Beautiful Act implementation be prospective and that it recognize that there are already numerous rules and practical business reasons to preclude gaming of the ‘beginning of construction’ requirement. At the same time, we offer a few enhanced enforcement procedures - all of which are consistent with congressional intent of codifying the existing guidance - dealing with stockpiling, reporting, and auditing that Treasury could adopt in any new guidance."
To read the full letter, click here.
