Defining Issues | March 2023
FASB issues final ASU that expands use of the proportional amortization method to additional tax equity investments.
Investors in certain equity investments (e.g. certain investments in renewable energy projects that generate tax credits) may elect the proportional amortization method by tax credit program.
| Public business entities | All other entities |
---|---|---|
Annual and interim periods – Fiscal years beginning after | December 15, 2023 | December 15, 2024 |
Early adoption permitted? | Yes | Yes |
FASB issues ASU
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ASU effective dates
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