Pilar Thomas Quoted in Bloomberg Article About American Indian Tribes Gaining Access to Tax Credits
Pilar Thomas, an Energy, Infrastructure & Environment partner in the firm’s Tucson office, was quoted in a Bloomberg article that discussed the ability for American Indian tribes to access millions of dollars in tax incentives to help fight climate change and offset project costs for the first time.
Because of their tax-exempt status, tribes previously were blocked from receiving tax credits under the Inflation Reduction Act. A new provision in the law will allow tax-exempt organizations and government entities to receive a refundable payment as an alternative to the tax credit.
An excerpt:
Tribal governments want to take full advantage of the incentives, but finding specific resources is a challenge.
“We don’t pay taxes, so we’ve never had to worry about accountants, tax preparers,” said Pilar Thomas, a partner at Quarles & Brady LLP and former deputy director for the Office of Indian Energy and Policy Programs at the Department of Energy. “We’ve never had to worry about tax forms.”