The U.S. Senate has passed H.R. 2029, the Consolidated Appropriations Act of 2016. The measure, which was approved Friday morning, Dec. 18, funds the government for the remainder of the fiscal year (through September 30, 2016) and includes several important changes to the tax code that will impact the energy industry.
Among its key provisions affecting the energy sector, H.R. 2029:
A summary and the complete text of H.R. 2029 is available here.
The bill now heads to President Obama's desk for his signature. He is expected to approve it before the current funding stopgap measure expires on Dec. 22. For more information, contact one of the following Energy Team members at Holland & Knight: Michael Cavanaugh, Stephen Humes, Christine Ryan or Beth Viola.
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