News & Analysis as of

Energy Tax Incentives

Tax Reform And Taxing Big Oil

by King & Spalding on

Senator Robert Menendez, with twenty-one of his Democratic colleagues as co-sponsors, has introduced legislation that repeals the energy tax incentives for the country’s five largest oil companies. In a statement, Senator...more

Maine's energy legislation carryovers from 2017

by PretiFlaherty on

When the First Regular Session of the 128th Maine State Legislature adjourned earlier this year, its committees reserved a list of bills for further debate in 2018. A list of these carryover bills published by the legislative...more

Some Will Always Have Paris: Withdrawal from the Climate Change Accord May Not Reduce the Heat on the Health Care Industry

President Trump’s decision earlier this month to withdraw the United States from the Paris Agreement—an international, nonbinding agreement to take steps to limit global temperature rise—followed a series of moves at the...more

IRFA Concerned By Bill To Cap Iowa Biofuel Tax Credits

On April 13, 2017, the Iowa Renewable Fuels Association (IRFA) released a statement regarding the passage of a bill, HSB 187, by the Iowa House Appropriations Committee that would cut the value of the Iowa biofuels tax...more

First LB&I Campaigns Demonstrate a Flexible Approach

On January 31, 2017, the Large Business & International Division of the IRS (LB&I) released the subjects of its first 13 campaigns. Each campaign addresses a specific area that the IRS has identified as a substantial...more

IRS Issues Additional Guidance on Beginning of Construction Rules for Renewable Projects

by McDermott Will & Emery on

On December 15, 2016, the Internal Revenue Service released Notice 2017-04, which provides welcome guidance on how to meet the “beginning of construction” requirements for wind and other qualified facilities. There has been...more

Energy incentives and opportunities to invest in renewable technologies

by DLA Piper on

Opportunities to invest in the renewable energy sector in the United Kingdom have shifted quite dramatically since March 2015. Severe cuts to the Feed in Tariffs (FITs) scheme and the closing of the Renewable Obligations...more

Cost Estimates for Expiring Energy Tax Provisions

Passage of a tax package is another possible item on Congress’ list for the lame duck session, which is discussed in a recent ML Strategies alert. Three dozen tax provisions are scheduled to expire December 31, about half of...more

Bill To Extend Biodiesel Tax Credit Introduced In The House of Representatives

by Bergeson & Campbell, P.C. on

On September 12, 2016, the Biodiesel and Renewable Diesel Incentive Extension Act of 2016 (H.R. 5994) was introduced to the House of Representatives and referred to the House Committee on Ways and Means. The bill was...more

Renewable Energy Update - October 2016

by Allen Matkins on

Renewable Energy Focus - Power companies join EIM to save money, integrate renewables - Solar Industry Magazine - Oct 4 - After months of intensive testing, Phoenix-based Arizona Public Service (APS) and...more

Massachusetts develops next solar incentive

by PretiFlaherty on

The Massachusetts Department of Energy Resources (DOER) is designing a new solar incentive program to encourage the continued development of solar renewable energy generating sources by residential, commercial, governmental...more

The Cost of Clarity: IRS Issues Regulations Addressing Proper Treatment of Code Section 50(d) Income

by Williams Mullen on

On July 21, 2016, the IRS issued long-awaited regulations under Section 50 of the Internal Revenue Code (the “Code”) clarifying the manner in which “Section 50(d) Income” is to be recognized in lease pass-through investment...more

IRS Issues Proposed Rules on Income Inclusion under Section 50(d)(5)

by Foley & Lardner LLP on

The IRS just published long-awaited temporary regulations under section 1.50-1T governing the section 50(d)(5) income inclusion rules. These rules apply to lessees of investment credit property when the lessor elects to treat...more

Energy Tax Extenders in FAA Bill Unlikely

by McDermott Will & Emery on

As discussed in our post on April 7, US Congress extended the Production Tax Credit (PTC) under Internal Revenue Code (IRC) Section 45 and the Investment Tax Credit (ITC) under IRC Section 48 in December 2015, but failed to...more

Six Biofuel Trade Associations Write Congress To Extend Advanced Biofuel Tax Credits

by Bergeson & Campbell, P.C. on

On April 5, 2016, the biofuel trade associations Advanced Biofuels Business Council, Algae Biomass Organization, Biotechnology Innovation Organization (BIO), Growth Energy, National Biodiesel Board, and Renewable Fuels...more

Short-Term Reauthorization of FAA Programs Potentially Paves the Way For Omitted Energy Credit Extenders

by McDermott Will & Emery on

As discussed in our post on March 16, the Congressional extension of the Production Tax Credit (PTC) under Internal Revenue Code (IRC) Section 45 and the Investment Tax Credit (ITC) under IRC Section 48 in December 2015...more

Renewable Energy Update - March 2016

by Allen Matkins on

U.S. utility-scale solar market fueled by growth beyond renewable portfolio standards - Greentech Media - Mar 1 More than half of new U.S. utility-scale solar in 2016 will be built outside of obligations to meet...more

Nigerian Power Sector: Opportunities and Challenges for Investment in 2016

by Latham & Watkins LLP on

A summary of the existing power sector in Nigeria, current key initiatives, and opportunities and challenges for developers, investors and lenders. Introduction - During the launch of Power Africa in 2013, President...more

Congress Passes Protecting Americans from Tax Hikes (Path) Act of 2015, Making Many Tax Extenders Permanent

by Blank Rome LLP on

Action Item: The recently enacted PATH Act contains key tax provisions for businesses and individuals alike, including permanently expanding Section 179 of the Internal Revenue Code; extending the availability of...more

Latin American Environmental Regulatory Tracker

by Beveridge & Diamond PC on

After a fall busy with climate change initiatives in advance of the Paris negotiations, recent proposals reflect a resurgence of waste and product take-back initiatives. Key among these are the repeal and revision of Peru’s...more

PATH Act Extends Key Tax Provisions for Businesses and Individuals; Many Extenders Made Permanent

by Williams Mullen on

On December 18, 2015, the President signed into law the Protecting Americans from Tax Hikes Act of 2015, HR 2029, PL 114-113 (the “PATH Act”), which extends or makes permanent over fifty (50) expiring tax provisions relating...more

2015 Year-End Tax Planning

by Sherman & Howard L.L.C. on

As 2015 draws to a close, there is still time to reduce your 2015 taxes and plan ahead for 2016. This letter highlights several potential tax­saving opportunities for you to consider. We welcome the opportunity to meet with...more

Building a bulwark around the Clean Power Plan

by Dentons on

On August 3, 2015, President Obama unveiled highly anticipated final Clean Air Act rules to address carbon dioxide emissions from new and existing power plants. Taken together, EPA’s rules represent the most aggressive action...more

Treasury Consults on Reforming the Business Energy Efficiency Tax Landscape

by Latham & Watkins LLP on

HM Treasury recently launched a consultation to seek views on its proposals to reform the business energy efficiency tax landscape, following the announcement by the Chancellor in the Summer Budget that energy policies and...more

Tax Policy Update

by McGuireWoods LLP on

The number of working days (in theory) that Congress has left to negotiate and pass a continuing resolution (CR) that would keep the government from shutting down on Oct. 1. Here’s hoping that the Pope’s visit to the Capitol...more

108 Results
|
View per page
Page: of 5
Cybersecurity

"My best business intelligence,
in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.