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Manufacturing Facilities Tax Credits

Foley & Lardner LLP

IRS Releases Proposed Regulations for Section 45X Advanced Manufacturing Credit

Foley & Lardner LLP on

Earlier this month, the Internal Revenue Service (“IRS”) and Department of the Treasury released proposed regulations (the “Proposed Regulations”) relating to the advanced manufacturing tax credit under Section 45X of the...more

Eversheds Sutherland (US) LLP

All In: CHIPS Act provides incentives for semiconductor investment

​​​​​​​In a show of bipartisanship, Congress passed the Creating Helpful Incentives to Produce Semiconductors Act (CHIPS Act) on July 27, 2022, which was signed into law by President Biden on August 9, 2022. The CHIPS Act...more

Paul Hastings LLP

U.S. Senate Passes Inflation Reduction Act

Paul Hastings LLP on

On August 7, after weeks of negotiations, the Senate voted 51-50 to pass a budget reconciliation package known as the Inflation Reduction Act (the “Bill”), introduced by Senators Joe Manchin (D‑WV) and Chuck Schumer (D‑NY) in...more

Latham & Watkins LLP

IRS Clears the Way for Retrofitted Carbon Capture Projects

Latham & Watkins LLP on

In a new Revenue Ruling, the IRS addresses the scope, ownership, and placed-in-service date for carbon capture equipment. Key Points: ..Developers adding carbon capture equipment to an existing industrial facility now...more

Foley & Lardner LLP

Spotlight on PACE: PACE Projects From Downtown Redevelopments to Dairy Farms

Foley & Lardner LLP on

Property Assessed Clean Energy (“PACE”) has been maturing into a distinct asset class over the last decade. Foley has been involved in PACE since its early days, from highlighting the three early models program developers...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Manufacturing, Distribution and Retail Industry - Update #9

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Manufacturing, Distribution and Retail Industry - Update #8

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Arkansas Recycling Tax Credit Program: Reminder

The Arkansas General Assembly through Act 748 of 1991 established a tax credit program for facilities establishing or expanding processes that utilize recyclables. The recycling tax credit has been very beneficial to...more

Burr & Forman

New Property Tax Exemption for All South Carolina Manufacturers

Burr & Forman on

The South Carolina Infrastructure and Economic Development Reform Act, 2017 Act 40, was recently enacted and is designed to enhance South Carolina’s economic competitiveness. The Act, commonly referred to as the gas tax bill,...more

Foley & Lardner LLP

Did You Order Your Tesla Model 3?

Foley & Lardner LLP on

If you did not order your Tesla Model 3, it might feel like you are the only one. In just the first weekend, Tesla got 276,000 orders. That is a pretty astounding number. It is even more impressive when you consider that the...more

Baker Donelson

Spotlight on Manufacturers: Tennessee's 2015 Tax and Related Legislation

Baker Donelson on

Manufacturing is a primary driver of our economic growth. As such, those businesses involved with fabricating, processing, converting and producing goods in today's marketplace must be ever-vigilant regarding new laws that...more

McNees Wallace & Nurick LLC

Application and Sale of Restricted Tax Credits

The Pennsylvania Department of Revenue has issued detailed rules for the application and sale of various Pennsylvania tax credits. Corporation Tax Bulletin 2014-04 replaces Corporation Tax Bulletin 2011-03. The Bulletin...more

Dechert LLP

Tax Credits for Alternative Energy Manufacturing Facilities Just Announced

Dechert LLP on

In order to foster investment and job creation in clean energy manufacturing, the American Recovery and Reinvestment Act of 2009 included a tax credit for investments in manufacturing facilities for clean energy technologies....more

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