Manufacturers, Refiners Await Final Interest Write-Off Rules (1)

Any changes in the final version of rules for the 2017 tax law’s cap on companies’ interest payment write-offs could impact the manufacturing, oil refining, and assisted living sectors.

The rules could also have big implications for private equity firms, with their habit of loading up on debt to take over flailing companies. The White House regulatory review office completed its analysis of the rules on Jan. 31, an action that the office posted retroactively on its website. Officials are also planning to release a set of proposed rules alongside the final package.

The law restricted deductions ...