The Tax Cuts and Jobs Act of 2017 makes it harder to take tax deductions for some payments to governmental entities. The change may impact settlements between private entities and federal, state and local environmental agencies. In most cases, it will not affect environmental settlements between private parties.
Section 162(f) of the Tax Code has…
On February 12, 2018, the Trump Administration released its much-anticipated Infrastructure Plan. While the bulk of the more than 50-page document proposes a wide array of funding and reforms for various infrastructure programs, as well as ways to streamline and fast-track permitting for infrastructure projects, it also proposes changes to Brownfield redevelopment programs, including…
The United States Environmental Protection Agency (“EPA”) recently issued the Record of Decision (“ROD”) for the lower 8.3 miles of the Lower Passaic River, which sets forth EPA’s $1.38 billion remedy. Potentially Responsible Parties (“PRPs”) will be interested to know that the $1.38 billion price tag only addresses one of the operable units…
