Tax Environmental Finance & Banking

Read need-to-know updates, commentary, and analysis on Tax issues written by leading professionals.
News & Analysis as of

Alabama Legislative Update - Week 10: As Session Moves Towards Close, Budgets Take Center Stage

The 2014 session of the Alabama Legislature is winding and grinding down as lawmakers hammer out the General Fund and Education Trust Fund budgets. Last week saw progress, albeit slow. ...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

OCC Issues Interpretive Letter Concluding that Bank Investment in Company that Owns Renewable Energy Solar Project is Permissible

The OCC issued an interpretive letter (“Letter #1139”), in which the OCC concluded that a national bank (the “Bank”) could provide financing for a renewable energy solar project (the “Facility”) in which the financing was...more

Baucus Proposes Reforms to Energy Tax Incentives

Senate Finance Committee Chairman Max Baucus (D-MT) released a proposal on December 18 that would streamline energy tax incentives to make them more predictable and technology-neutral. The proposal consolidates several...more

California Utilities Poised to Commence Renewable Energy Procurement

At its November 14, 2013 Commission meeting, the California Public Utilities Commission (the “CPUC”) conditionally accepted the renewables portfolio standard (“RPS”) procurement plans filed by various California utilities....more

Sen. Sessions Pens Letter to Treasury Critical of SolarCity and 1603 Practices

In a letter dated November 18, Senator Jeff Sessions (R-AL) wrote Secretary of the Treasury Jacob Lew a critical letter with questions regarding the Cash Grant program, SolarCity’s purported practices and the investment tax...more

OCC Publishes Fact Sheet on Wind Tax Equity as Public Welfare Investments

The Office of the Comptroller of the Currency (OCC) at the end of October published a fact sheet to clarify the eligibility of wind tax equity investments as public welfare investments for national banks and federal savings...more

New Energy Finance Paper Discusses Tax Equity

America’s Power Plan describes itself as a “toolkit” for policymakers. The information that constitutes the toolkit is available below. Its energy finance paper was just published. The paper is available below. Below are...more

Do Wind Turbines Hurt Property Values?

As I last discussed in June, during the past few years, proximate property owners have increasingly raised complaints about the siting and operation of wind turbines in Massachusetts. This phenomenon is hardly unique to...more

AWEA’s Wall Street Conference – Sound Bites from Panelists

AWEA recently held its annual Wall Street conference. Below are selected sound bites from panelists speaking on September 10th about finance, the state of market for wind in the United States, and the health of the tax...more

Connecticut Selects Maine Wind Farm And Connecticut Solar Project For Long-Term Contracts For Energy And RECs

On September 20, 2013, Connecticut Governor Dannel P. Malloy announced that two renewable energy projects have signed long-term contracts as a result of the July 8, 2013 Connecticut Department of Energy and Environmental...more

Energy Tax Law Alert: IRS Clarifies "Beginning of Construction" Guidance

On September 20th, the IRS issued Notice 2013-60, which updates prior guidance, contained in Notice 2013-90, regarding the "begin-construction" requirement for the production tax credit (PTC) under Section 45 of the Internal...more

Treasury may be Planning to Issue More PTC “Start of Construction” Guidance

Yesterday, at the American Wind Energy Association’s Finance & Investment Seminar in Manhattan Attorney-Advisor Christopher Kelley of the U.S. Treasury, speaking on his own behalf, said that the Treasury and IRS are...more

SEIA Publishes White Paper on Fair Market Value for Income Tax Purposes

The Solar Energy Industry Association (SEIA) has published a white paper that addresses the income tax rules for determining fair market value. The white paper is available below....more

Senate Hearing on Extending the MLP Rules to Renewables

On July 31, 2013, the Senate Finance Subcommittee Energy, Natural Resources, and Infrastructure held a hearing on the Master Limited Partnership Parity Act (S. 765). The bill would extend the master limited partnership (MLP)...more

Treasury Tells Congress PTC Guidance Provides the Desired Degree of Certainty in the Marketplace

A letter from Treasury Assistant Secretary for Legislative Affairs Fitzpayne to Rep. Coffman (R-CO) dated June 17, 2013 addresses the IRS’ recent guidance with respect to the “beginning construction” requirement for PTC...more

Court of Appeal Narrowly Reads School Bond Measure Language In Siding with Taxpayer Group’s Challenge To High School Stadium...

The California Court of Appeal, Fourth Appellate District, recently held that school district bond revenues could not be spent on stadium lighting where the bond proposition did not specifically list field lighting as part of...more

Hot Topics for Waste-to-Energy Investors and Developers  [Video]

With the January 2013 extension of the Production Tax Credit for renewable energy projects, waste-to-energy deals are back on investor and developer's radar screens. Join partners from Pepper Hamilton LLP, Deloitte Financial...more

Hot Topics for Waste-to-Energy Investors and Developers

With the January 2013 extension of the Production Tax Credit for renewable energy projects, waste-to-energy deals are back on investor and developer's radar screens. Join partners from Pepper Hamilton LLP, Deloitte Financial...more

In Time of Austerity, President’s 2014 Budget Prioritizes Clean Energy Funding

After two months of delay, the Obama Administration released its proposed 2014 budget on April 10. The 244-page document outlines the President’s spending priorities for the coming fiscal year. The proposal calls for $1...more

Ohio Legislators Strip Radioactive Drilling Waste, Severance Tax Provisions From Budget

Yesterday we discussed the grim prospects for the NORM and TENORM provisions in Ohio Governor John Kasich’s proposed budget. Both industry and environmentalists opposed the provisions, and state legislators recently expressed...more

Bipartisan Group of Senators Wants Clarification of "Commencement of Construction" Under the Wind PTC

Last week, a group of U.S. Senators submitted a letter requesting swift clarification by the Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) of language regarding the wind production tax...more

Myanmar Issues Foreign Investment Law Implementing Regulations

Summary - On January 31, 2013, the Ministry of National Planning and Economic Development released the new Implementing Regulations for the Myanmar Foreign Investment Law No. 21 (FIL No. 21). President U Thein Sein...more

Legal Alert: Sequestration to Cause CREB Payments to Be Reduced by 8.7%

The Office of Management and Budget has issued its Report to the Congress on the budget sequestration for federal fiscal year 2013 required by the Balanced Budget and Emergency Deficit Control Act of 1985, as amended by the...more

Legislative Update Report No. 2013-04 -- Feb 22, 2013

In This Article: Federal Government; Alberta; British Columbia; Manitoba; New Brunswick; Newfoundland; Northwest Territories; Nova Scotia; Nunavut; Ontario; Prince Edward Island; Québec/Quebec; Saskatchewan; and Yukon....more

67 Results
|
View per page
Page: of 3

Follow Tax Updates on: