FASB Ratifies EITF Consensus-for-Exposure on Investments in Tax Credit Structures

At its July 13, 2022, meeting, the FASB ratified the EITF’s consensus-for-exposure on Issue 21-A, “Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method,” and directed its staff to draft a proposed Accounting Standards Update for a vote by written ballot.

For more information, see Deloitte’s EITF Snapshot as well as the tentative Board decisions on the FASB’s Web site.