Hearing scheduled on proposed regulations | KPMG | US

Hearing scheduled on proposed regulations; nuclear power plant decommissioning

Hearing scheduled on proposed regulations

The U.S. Treasury Department and IRS today released for publication in the Federal Register a notice of a public hearing concerning proposed regulations under section 468A and the deductions for contributions to trusts maintained for decommissioning nuclear power plants and the use of amounts in those trusts to decommission nuclear plants.

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The public hearing is scheduled for October 25, 2017. Outlines of topics to be discussed at the public hearing must be received by October 11, 2017. Read the public hearing notice [PDF 192 KB]

The proposed regulations (REG-112800-16) were released in late December 2016. The proposed regulations would: (1) address issues that have arisen as more nuclear plants have begun the decommissioning process; and (2) clarify provisions in current regulations regarding self-dealing and the definition of substantial completion of decommissioning. Read TaxNewsFlash-United States    

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