Tax Law, Commercial Law & Contracts, Construction Law

Legal Alert: IRS Clarifies "Binding Written Contract" Definition in Renewable Energy Tax Credit Begun Construction Guidance

by David Cho, Dorothy Black Franzoni, Jonathan Goldman, Amish Shah, Ram Sunkara, Thomas Warren | Sutherland Asbill & Brennan LLP on 4/29/2013

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

IRS Issues “Begin Construction” Guidance for Renewable Energy Tax Credits

by Jordan Collins, Bryan M. Stockton, Sahir Surmeli | Mintz Levin - Energy & Clean Technology on 4/23/2013

On April 15, 2013, the Internal Revenue Service (IRS) issued long-awaited guidance updating eligibility requirements for renewable project developers seeking to utilize the 2.3 cent/kWh Renewable Electricity Production Tax...more

IRS Issues Notice to Determine When Construction Begins for Purposes of Production Tax Credit, Investment Tax Credit

by Gale Chan, Madeline Chiampou, Brian Levy, Martha Groves Pugh, Philip Tingle | McDermott Will & Emery on 4/23/2013

The Internal Revenue Service (IRS) has issued important guidance to determine when construction begins with respect to a qualified facility for purposes of the production tax credit and the investment tax credit for certain...more

Energy Alert: IRS Identifies Two "Begun Construction" Standards To Qualify For Two Tax Credit Opportunities

by Allison Woodbury Leppert | Leonard, Street and Deinard on 4/18/2013

The renewable electricity production tax credit and the energy investment tax credit currently offer taxpayers a tax credit for energy produced from qualified facilities. For the PTC, the tax credit covers a ten-year period....more

"IRS Guidance on the Commencement of Construction Requirements for Tax Credits for Qualified Energy Facilities"

by Armando Gomez, Paul Schockett, Sean Shimamoto | Skadden, Arps, Slate, Meagher & Flom LLP on 4/17/2013

On April 15, 2013, the Internal Revenue Service released Notice 2013-29 (Notice), which established guidelines and a safe harbor to determine when construction has begun on a “qualified facility” for purposes of the renewable...more

Autumn 2012 In Site

by K&L Gates LLP on 10/23/2012

Welcome to the Autumn 2012 edition of In Site. This edition covers the following topics: - the decision in Trustees of Ampleforth Abbey Trust v Turner & Townsend Project Management Ltd on the liability of project...more

PA Tax Law News -- May 2012

by McNees Wallace & Nurick LLC on 5/22/2012

IN THIS ISSUE: Long Awaited Tech One Associates Decision; Philadelphia Common Level Ratio Drama Continues; Court Upholds IFTA Liability; PA Budget Watch; Goodwill Included in Subsidiary Valuation for Holding Company...more

FCA affirms the importance of GAAP in computing liability for LCT rejecting the Crown’s economic substance argument

by Dentons on 5/9/2012

The Federal Court of Appeal has once again affirmed the importance of Generally Accepted Account Principles (GAAP) in computing liability for the large corporation tax (LCT) applicable prior to 2006 while rejecting the...more

State Cancellation of Redevelopment Agencies May Affect You!

by Sheppard Mullin Richter & Hampton LLP on 1/6/2012

On December 29, 2011, legislation to dissolve all redevelopment agencies became effective when the California Supreme Court released its opinion in California Redevelopment Association v. Matosantos, challenging the...more

Current Legal Issues in Hotel Management Agreements in Russia

by Derek Bloom on 1/28/2011

Current Legal Issues in Hotel Management Agreements in Russia January 2011 This article summarizes the principal legal issues in hotel management in Russia that hotel developers and operators are following in Russia...more

Business Formation Q&A

by D. Lee Gwinn on 7/27/2010

Summarizes the different types of business entities and formational documents involved....more

PA Tax Law News- July 2010

by McNees Wallace & Nurick LLC on 7/5/2010

IN THIS ISSUE: PA Tax Amnesty Exceeds Target by $71 Million; PA Announces Amnesty Program for Unclaimed Property; Property Tax Update: Real Estate Appeal Deadlines Approaching; Letter Ruling Impacts Highway Construction...more

Letter Ruling Impacts Highway Construction Industry

by McNees Wallace & Nurick LLC on 7/5/2010

The Pennsylvania Department of Revenue has ruled that certain contractual arrangements commonly used in highway construction projects will not be respected by the Department for sales and use tax purposes (Ruling No....more

Finding and Managing the Money for Public-Private Partnership Development

by Miller Starr Regalia on 3/12/2010

Times are tough for redevelopment and the core business model on which redevelopment is predicated-the public-private partnership. As a result of the current economic crisis, redevelopment agencies-the public side of the...more

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Tax Law › Commercial Law & Contracts › Construction Law