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Manufacturers Energy Tax Incentives

Baker Donelson

Department of the Treasury and IRS Issue Proposed Regulations for Advanced Manufacturing Production Credits

Baker Donelson on

Internal Revenue Code (IRC) Section 45X: The Inflation Reduction Act of 2022 (IRA) established several incentives targeted at encouraging domestic investment in clean energy. Among those incentives was the Advanced...more

Eversheds Sutherland (US) LLP

Treasury and the IRS release much-anticipated guidance, including with respect to the monetization of energy tax credits

On June 14, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released a package of much-awaited guidance (the Guidance) consisting of (i) proposed regulations addressing the tax credit...more

Holland & Knight LLP

Treasury Department, IRS Release Clean Vehicle Tax Guidance

Holland & Knight LLP on

The U.S. Department of the Treasury and IRS have released several pieces of guidance regarding the tax incentives for clean vehicles provided under Sections 30D (new clean vehicle credit), 25E (previously owned vehicle...more

Eversheds Sutherland (US) LLP

Treasury and the IRS provide initial guidance on section 48C ITC for manufacturers

On February 13, 2023, the Department of Treasury (Treasury) and the Internal Revenue Service (IRS) issued Notice 2023-18 (Notice), which establishes the program to allocate $10 billion of tax credits that were added by the...more

Mintz - Energy & Sustainability Viewpoints

Last Call: Public Comments on Inflation Reduction Act Clean Energy Tax Incentives Are Requested By November 4

On October, 5, 2022, the U.S. Department of Treasury (Treasury) and Internal Revenue Service (IRS) published six Notices requesting public comments by November 4, 2022 on certain of the clean energy tax incentives included in...more

Foley & Lardner LLP

Made in the USA - IRA Tax Credits for Renewable Energy Component Manufacturers

Foley & Lardner LLP on

The passage of the Inflation Reduction Act (IRA) this past August saw the introduction of a number of new and expanded tax credits aimed at onshoring American manufacturing...more

Eversheds Sutherland (US) LLP

Inflation Reduction Act of 2022: The energy tax provisions you need to know about

​​​​​​​The Inflation Reduction Act of 2022 (the Act) runs 725 pages and includes numerous energy tax provisions aimed at enhancing US energy security. The Act, if enacted, would extend and expand the renewable and alternative...more

Foley & Lardner LLP

Recharging Electric Vehicle Incentive Limits

Foley & Lardner LLP on

Recently, Representative Peter Welch of Vermont introduced legislation restructuring the planned phase out for the current electric vehicle $7500 federal tax credit. As has been discussed in great detail in this blog, the...more

Holland & Knight LLP

House and Senate Tax Reform Proposals Diverge on Energy Provisions

Holland & Knight LLP on

On November 2, House Republicans introduced H.R. 1, the Tax Cuts and Jobs Act. Senate Republicans followed suit shortly thereafter, releasing their proposal on November 9. The House Ways & Means Committee concluded its markup...more

Foley & Lardner LLP

Does Repeal of the EV Tax Credit Really Matter?

Foley & Lardner LLP on

Last week, Republicans in the U.S. House of Representatives released their first attempt at tax reform legislation. Buried in the proposed legislation is a repeal of the current tax credit of up to $7500 to purchasers of...more

Akin Gump Strauss Hauer & Feld LLP

Small Wind Industry Given Grace Period for Compliance with IRS Engineering Standards

On July 14, the Internal Revenue Service (IRS) published Noticed 2015-51, which postpones the effective date of safety and performance standards mandated by Notice 2015-4. The standards in Notice 2015-4 originally applied to...more

Akin Gump Strauss Hauer & Feld LLP

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

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