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NREL Analyzes Production Tax Credit Extension Implications for U.S. Manufacturing

The National Renewable Energy Laboratory (NREL), which is a component of the U.S. Department of Energy, has published a report analyzing the implications of the extension of the production tax credit (PTC) for U.S....more

Biofuels Law Alert: IRS Addresses the Identity of the "Producer" in Contract Manufacturing Arrangements

Last week the IRS released an internal memorandum addressing which of the parties to a contract manufacturing arrangement for biodiesel is treated as the “producer” of the biodiesel for certain federal tax purposes....more

Senate Finance Committee Passes Bill to Extend Certain Lapsed Tax Breaks

The Senate Finance Committee passed the Expiring Provisions Improvement Reform and Efficiency Act (EXPIRE Act) on April 3, 2014. The legislation would renew through 2015 more than 50 tax incentives that either have lapsed or...more

United States to Participate in New World Trade Organization Trade Negotiation to Lower Tariffs on “Green Goods”

On March 21, the Obama Administration formally notified Congress that it intends to enter into a new plurilateral trade negotiation in the World Trade Organization (WTO) to eliminate tariffs on environmental goods. The...more

Energy And Environment Update

In This Issue: Energy and Climate Debate; Congress; Administration; Department of Commerce; Department of Energy; Environmental Protection Agency; Federal Energy Regulatory Commission; International; States; and...more

Wyden’s Extenders Bill Due March 31 - PTC Advocates Muster for the Fight

Senator Wyden (D-OR), chairman of the Senate Finance Committee, stated that he will release his “extenders” bill on March 31 and that the included provisions will be renewed through the end of 2015. Senator Rockefeller...more

Favorable Winds Continue to Blow for TransWest Express Transmission Project

On March 24, 2014, the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) released its “California-Wyoming Grid Integration Study, Phase 1 – Economic Analysis” which examines the economics of new...more

Polish Shale Gas Law Update – Tax-Free Opportunities!

After years of anticipation and delay, the Polish government has finally taken significant steps forward in opening up the shale gas industry in Poland. Either fortuitously or intentionally, this comes just in time. The E.U....more

Project Perspectives - Winter 2014 Edition

In this edition: - Oil and Gas Industry Discussion - The False Claims Act: The Government’s Sword in Cash Grant Audits - Is a 50 Percent Renewables Portfolio Standard in California’s Future? -...more

Debates Continue Over Taxes And Fees On Hydraulic Fracturing In Ohio And Pennsylvania

In exchange for a $2.6 billion cut to Ohio’s state income taxes, Gov. John Kasich has proposed a package of tax increases in other areas. Included among those increases would be the gradual implementation of a 2.75 percent...more

The Womble Carlyle Economic Development Digest - March 2014

Womble Carlyle’s Economic Development Digest aggregates news, opportunities and legislation impacting business in the United States. ...more

I nuovi chiarimenti dell'Agenzia delle entrate in materia di trattamento fiscale degli impianti fotovoltaici

Con la circolare n. 36/E del 19 dicembre 2013 (di seguito, la “Circolare”), l’Agenzia delle entrate, Direzione Centrale Normativa e Direzione Centrale Catasto, ha emesso nuovi chiarimenti in materia di trattamento catastale e...more

Obama’s Plan to Ax the Solar Investment Tax Credit

In President Obama’s 2014 State of the Union address, he said: “Every four minutes, another American home or business goes solar; every panel pounded into place by a worker whose job can’t be outsourced. Let’s continue that...more

Value of Solar Goes Live in Minnesota

On Wednesday afternoon, the Minnesota Public Utilities Commission approved the methodology for calculating value of solar (VOS) tariffs in Minnesota as developed by the Department of Commerce. According to the statute, the...more

Energy And Environment Update -- March 10, 2014

In This Issue: Energy and Climate Debate; Congress; Administration; Department of Agriculture; Department of Commerce; Department of Defense; Department of Energy; Department of Interior; Department of State;...more

Ohio House Ways and Means Committee Receives Testimony on Substitute House Bill 375

On February 12, 2014, Ohio House Ways and Means Committee Vice-Chair Rep. Gary Scherer offered a substitute House Bill 375 to the Ways and Means Committee, including significant amendments from the prior version of House Bill...more

Camp Tax Reform Proposal Would Reduce Scope of MLP Qualifying Activities

On February 26, 2014, House Ways & Means Committee Chairman Dave Camp released a discussion draft of the “Tax Reform Act of 2014.” The draft bill proposes a host of significant revisions to the Internal Revenue Code,...more

Legislative Report – MLP Parity Act

What: The MLP Parity Act (the “Act”) is a bill currently before the U.S. Senate Committee on Finance seeking to expand Section 7704(d) of the Internal Revenue Code (which defines “qualifying income” for publicly traded...more

House Ways and Means Tax Reform Proposal Dramatically Changes Energy Tax Landscape

On February 26, House Ways and Means Committee Chairman Dave Camp (R-MI) released his long-awaited tax reform discussion draft, the Tax Reform Act of 2014. To achieve his goal of lower individual and corporate tax rates,...more

Will Wyden Recharge the Batteries on the Finance Committee’s Energy Tax Reform Proposal?

In late 2013, the Senate Finance Committee released a tax reform staff discussion draft on energy (the “energy draft”) as part of a series of tax reform proposals. According to Committee staff, the energy draft “proposes a...more

Energy And Environment Update -- February 18, 2014

In This Issue: Energy and Climate Debate; Congress; Administration; Department of Energy; Department of State; Environmental Protection Agency; Government Accountability Office; International; States; and...more

Letter to The Washington Post Defending the PTC

The Washington Post in an editorial of January 20 described the extension of the production tax credit (PTC) for wind as “wasteful.” The Post’s editorial is available below. However, The Post’s editorial board has...more

EPA May Rely — In Part — on Projects Funded Under the Energy Policy Act to Justify the Greenhouse Gas NSPS. That’s Its Story and...

As those following EPA’s efforts to promulgate NSPS for greenhouse gas emissions from new fossil fuel-fired electric generating plants know, EPA has come under fire for basing its proposal on demonstrations of feasibility at...more

How SB 4 Will End Up Taxing the Oil and Gas Industry and Even California's Consumers: Looming Fee Hikes Will Cover State Water...

Most of the media has been consumed with talk of a proposed severance tax on oil and gas production, but meanwhile in Sacramento another tax on oil and gas production is being poised to take effect -- funding requests to...more

Energy And Environment Update -- January 29, 2014

In This Issue: Energy and Climate Debate; Congress; Administration; Department of Commerce; Department of Energy; Department of Transportation; Environmental Protection Agency; Federal Energy Regulatory Commission;...more

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