With the 2017 Tax Cuts and Jobs Act (“TCJA”), developers and water and wastewater companies see the return of a tax policy that has significant consequences for both groups.  This is the first post in a two-post series discussing the history of “Advances” and “CIAC” and the practical effect of the TCJA on construction, dedication and utilization of water lines in Pennsylvania.  In short, the cost of doing business just increased for developers, while water companies once again are saddled with additional work.  This post provides background and history while a second post will provide insight on working through the issues.
Continue Reading