Resources (US) Inc. is planning to construct a 280-MW geothermal power plant, the Hell’s Kitchen Power Station, on a 1,900-acre site along the southern shore of the Salton Sea, near Calipatria.
Now passed by Congress, the bill bestows one of its biggest and most controversial gifts—a 20% deduction for pass-through revenue—on the majority of U.S. firms that are partnerships, S-corporations and sole proprietorships.
As House and Senate legislators prepare to negotiate a compromise tax-cut bill, some construction groups prefer the version the Senate passed on Dec. 2 over the House-approved measure, particularly because of better provisions for partnerships and other pass-through entities.
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