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Window on Washington - This Week in the Nation's Capital - Vol. 1, Issue 12

by Clark Hill PLC on

Budget - Freedom Caucus Proposed to Cancel August Recess: The House Freedom Caucus has called on Republican leadership to cancel the August recess to continue work on the budget, tax reform and other GOP priorities...more

2017 Minnesota Legislature Adjourns But After Special Session

by Stinson Leonard Street on

Minnesota lawmakers used every last minute available to them to try and complete their work prior to the deadline for the 2017 legislative session, but it was not enough time. At 12:01 a.m. early last Tuesday morning,...more

2017 Vermont Legislative Session | The Year in Review - DRM's Government & Public Affairs Team Final Analysis

by Downs Rachlin Martin PLLC on

A May 18th adjournment brought to a close the first half of the 74th biennial session of the Vermont General Assembly. Drama awaits as Gov. Phil Scott has threatened to veto H.518, the fiscal year 2018 budget, over an...more

Analysis of Energy and Tax Proposals in the 2018 Budget Proposal

by McDermott Will & Emery on

President Trump released his budget proposal for the 2018 FY on May 23, 2017, expanding on the budget blueprint he released in March. The budget proposal and blueprint reiterate the President’s tax reform proposals to lower...more

FY2018 Massachusetts Budget Update: The Senate Ways and Means Budget

On May 16, 2017, the Massachusetts Senate Ways and Means Committee proposed a $40.791 billion FY2018 budget. The budget, which increases spending by 3.3% over FY2017 levels, spends $280 million more than Governor Charlie...more

Senate Bill Proposes Major Market-Based Remodel of Cap-and-Trade Program

by Stoel Rives LLP on

California’s cap-and-trade program withstood a battle in court, and now the Legislature is proposing changes to the controversial program. Senator Bob Wieckowski (Democrat – District 10), Chair of the Environmental Quality...more

Wind in the Sails of Offshore Wind Farms: Recent Developments in Incentives for Offshore Wind Generation

On May 11, 2017, Senators Edward J. Markey (D-Mass.) and Sheldon Whitehouse (D-R.I.) introduced the Offshore Wind Incentives for New Development Act or, simply, the Offshore WIND Act (here). The Offshore WIND Act would...more

Senator Wyden Introduces “Clean Energy for America Act”

Senate Finance Committee Ranking Member Ron Wyden (D-OR) recently introduced the “Clean Energy for America Act,” which aims to create a new technology neutral system for federal tax credits for clean energy, clean fuel, and...more

The New South Carolina Gas Tax

by McNair Law Firm, P.A. on

South Carolina’s gas tax is one of the lowest in the country. The result is the deplorable condition of the state’s highway system and roads. South Carolina is a conservative state, politically, and any tax increase, gas or...more

Maryland Enacts First in the Nation Energy Storage Tax Credit

On May 4, 2017, Maryland became the first state in the country to offer a tax credit for energy storage systems with Governor Larry Hogan’s (R) signing of Senate Bill No. 758....more

Oil & Gas Tax Alert - "Trump's 15% Pass Through Tax Proposal: Say Goodbye to Joint Operating Agreements?"

by Porter Hedges LLP on

On Wednesday, April 26, President Trump submitted his tax reform proposal which is, for now, only about 100 words long. It contemplates a number of sweeping changes to the tax code. On the business side, these include a 15%...more

NC Legislative Update: May 2017

by Nexsen Pruet, PLLC on

This Week - Longtime legislative reporter Mark Binker, most recently editor of the The Insider, passed away unexpectedly this past Saturday at 43 years old. Mark was a friend to many including the Nexsen Pruet Public...more

Under the Dome: Inside the Maine State House

by Pierce Atwood LLP on

3% Surcharge To Cause Loss of Revenue, Not Gain - On Monday, May 1, the Maine Revenue Forecasting Committee reported to the Governor and Legislature on first quarter estimated individual income tax payments. ...more

FY2018 Massachusetts Budget Update: The House Budget

On April 25, 2017, the Massachusetts House of Representatives passed a $40.829 billion FY2018 budget by vote of 159-1. Over two days of debate, the House considered 1,210 amendments to pass a final budget that spends...more

Oklahoma State PTC Ends for Wind Projects Not Operating Prior to July 1, 2017

On April 17, 2017, Oklahoma Governor Mary Fallin signed into law House Bill No. 2298, which moves the deadline for a wind project to be operational to qualify for the state’s production tax credit for wind power to June 30,...more

Evaluating Tax Reform Proposals and Their Potential Impact on the Energy Sector

by Faegre Baker Daniels on

It has been over thirty years since the last major overhaul of the U.S. tax code, President Reagan's Tax Reform Act of 1986. That process took over two years and required cooperation between the President and both parties in...more

What’s New in Washington: 10 Things You Need to Know

The Trump presidency is halfway through its first 100 days. The legislative and executive branches are under a unified Republican government for only the second time since the Eisenhower administration, and the GOP is seeking...more

Oklahoma House Votes for Early Sunset of State Wind PTC

On March 9, 2017, Oklahoma’s House of Representatives passed H.B. 2298, which would end the Oklahoma production tax credit for wind energy production three and a half years earlier than current law. This measure was first...more

The U.S. Tax Reform and the Energy Sector

by Hogan Lovells on

President Donald Trump and Republican Congressional leaders have promised a major reform to the U.S. tax code in 2017. This reform, if anything close to these promises, will have significant implications for the energy...more

President Trump's Address to Congress: The Path Forward for 2017

by Bryan Cave on

On Tuesday evening, President Trump addressed a joint session of Congress to outline the path forward for his 2017 policy agenda. The president’s agenda is ambitious, yet Trump signaled the White House’s desire to work with...more

GOP Senior Statesmen Call for Carbon Tax

A group of Republican senior statesmen is calling for a carbon tax to fight climate change. Led by former Secretary of State James A. Baker III, former Secretary of State George P. Shultz and former Secretary of Treasury...more

Renewable Energy Update - January 2017 #4

by Allen Matkins on

Renewable Energy Focus - Treasury nominee backs existing phaseout of the wind energy tax credit - Greentech Media - Jan 24 - Amid the flurry of news leading up to the inauguration of President Trump,...more

Treasury and IRS Release Final Regulations on Qualifying Income, but Halted by Trump Moratorium

by Bracewell LLP on

January 25, 2017 On January 19, 2017, the Department of the Treasury and the Internal Revenue Service (IRS) issued final regulations (Final Regulations) regarding qualifying income under Internal Revenue Code (Code) section...more

Midnight Regulations Provide Oil & Gas MLPs with Favorable Answers; New Administration Immediately Withdraws

On January 19, 2017, less than 24 hours before the change of administration, the IRS and Treasury released much-anticipated final regulations under Code section 7704(d)(1)(E) setting parameters for qualifying income for...more

From ESA to Keystone to EPA, Changes Coming Fast

by Foley & Lardner LLP on

Few things are certain leading up to Donald Trump’s presidency. But there is no question that environmental and energy policy will take center stage in the days – perhaps hours – following his inauguration....more

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