The Inflation Reduction Act of 2022 established sustainable aviation fuel (SAF) tax credits to benefit United States producers and importers of certain fuel mixtures containing SAF. On December 15, 2023, the Internal Revenue...more
BOEM held its first-ever auction for wind energy lease areas in the Gulf of Mexico on August 29, 2023. The three lease areas up for auction covered a combined 301,746 acres off the coast of Lake Charles, Louisiana, and...more
MIECO LLC v. Pioneer Nat. Res. USA, Inc. -
May a seller of energy invoke force majeure to excuse its non-performance under a delivery contract – a contract that obligates the seller to deliver a particular quantity of...more
The auction: First of its kind for five West Coast offshore lease areas -
The US Bureau of Ocean Energy Management (BOEM), completed its first west coast offshore wind lease auction on Wednesday.1 The auction covered...more
12/9/2022
/ Auction ,
Biden Administration ,
BOEM ,
California Energy Commission ,
Clean Energy ,
Climate Change ,
Competitive Bidding ,
Energy Projects ,
Energy Sector ,
Governor Newsom ,
Offshore Lease ,
Offshore Wind ,
Public Private Partnerships (P3s) ,
Renewable Energy ,
Wind Power
What happened?
On December 2, 2022, the US Department of Commerce issued its long-awaited preliminary determinations in the circumvention inquiries on solar cell and module imports triggered by the petition that was...more
12/5/2022
/ Anti-Dumping Duty ,
Cambodia ,
China ,
Countervailing Duties ,
Customs and Border Protection ,
Government Investigations ,
Imports ,
Malaysia ,
Plastic Solar Cells ,
Solar Panels ,
Tax Avoidance ,
Thailand ,
U.S. Commerce Department ,
Vietnam
The impetuses driving companies’ focus on environmental, social and governance (ESG) issues are plentiful, with oncoming regulatory requirements, demands from investors, lenders and shareholders, and other stakeholders, and...more
Congress is moving rapidly towards passing the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Extenders Bill) as part of the Consolidated Appropriations Act, 2021. If enacted, the Extenders Bill would extend certain...more
Green bonds are hot. According to the Climate Bonds Initiative, global green bond issuances in 2019 exceeded $150 billion USD through August and forecasts have increased to $250 billion USD for the year. If these forecasts...more
Texas Governor Greg Abbott signed HB 3143 into law, extending the Texas Chapter 312 property tax abatement program for a period of 10 years. In addition to extending the program, the bill also provides for increased...more
6/26/2019
/ Ad Valorem Tax ,
Appraisal ,
New Legislation ,
Property Owners ,
Property Tax ,
Public Hearing ,
Real Estate Development ,
Renewable Energy ,
School Districts ,
Tax Abatement ,
Tax Code
On May 13, 2019, the Internal Revenue Service (IRS) released Notice 2019-31, which provides the 2019 inflation adjusted amounts for the section 45Q carbon oxide sequestration credit. The section 45Q carbon oxide sequestration...more
The Texas state legislature must decide whether or not to extend the ad valorem property tax abatement program currently authorized under state law. The program is currently set to expire on September 1, 2019. Local tax...more
On May 5, 2016, the Internal Revenue Service (IRS) issued Notice 2016-31, which updates prior guidance regarding the beginning of construction requirement for IRC sections 45 and 48 renewable energy tax credits following...more
5/6/2016
/ Begun Construction Test ,
Energy Projects ,
Guidance Update ,
Internal Revenue Code (IRC) ,
IRS ,
Physical Work Test ,
Protecting Americans from Tax Hikes (PATH) Act ,
Renewable Energy Incentives ,
Safe Harbors ,
Tax Credits ,
Wind Power
On August 8, 2014, the Internal Revenue Service (“IRS”) issued Notice 2014-46, which provides further guidance intended to assist developers and purchasers of renewable energy facilities evaluate whether such facilities...more
Energy tax reform has been the subject of three recent, and very significant, administrative and legislative proposals:
- The President’s 2015 budget, released on March 4, 2014;
- The comprehensive tax reform plan...more
On April 25, 2013, the Internal Revenue Service updated guidance issued on April 15, 2013, that explained how to satisfy the new “begun construction” requirement for the renewable energy section 45 production tax credit (PTC)...more