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Adams Quoted in Bloomberg BNA About the Impact of Tax Reform on Energy Companies
February 16, 2018
Jesse R. "Jay" Adams III, a partner on the State and Local Tax Team in the New Orleans office, was recently quoted in the Bloomberg BNA article “Gulf States’ Energy Companies Navigating Federal Tax Law’s Impact” about the uncertainty surrounding federal and state tax changes in the energy sector. Mr. Adams weighs in on possible outcomes of new legislative developments that force energy companies to change their structure to include certain state incentives as taxable income. He also explains that in Louisiana and Mississippi, oil and gas companies are waiting to see how the Department of Revenue interprets the new law, which could affect the sale of materials, fuel prices, and contracts.