On May 16, 2024, the IRS released Notice 2024-41 (the “Notice”), modifying its preliminary guidance issued last May in Notice 2023-38 addressing the application of potential future rules that taxpayers must satisfy to qualify...more
Inflation Reduction Act -
Perhaps the most significant recent develop- ment in the area of alternative energy, the Infla- tion Reduction Act of 2022 (IRA) offers approxi- mately USD270 billion in tax incentives to help...more
8/22/2023
/ CFIUS ,
Critical Infrastructure Sectors ,
Cybersecurity ,
Emerging Technologies ,
Energy Projects ,
Energy Sector ,
Inflation Reduction Act (IRA) ,
IRS ,
NEPA ,
NERC ,
Production Tax Credit ,
Sackett v EPA ,
SCOTUS ,
Supply Chain ,
Tax Credits
Monday, May 29, 2023, marked the official end of the 88th regular session of the Texas Legislature. It was an especially active session for the energy industry, which saw the passage of several bills that, if signed into law...more
6/2/2023
/ Electricity ,
Energy Projects ,
Energy Sector ,
Governor Abbott ,
Infrastructure ,
Popular ,
Power Grid ,
Power Infrastructure ,
Proposed Legislation ,
Renewable Energy ,
Tax Credits ,
Texas ,
Utilities Sector ,
Water Supplies
On August 16, 2022, President Biden signed into law H.R. 5376, referred to as the Inflation Reduction Act (IRA). The nearly $369 billion of new spending is intended to transform entire sectors of the American economy and...more
One of the challenges of renewable energy development is managing the permitting process. Understanding how to navigate state and local laws can be integral to a developer’s permitting success, especially where a community...more
On April 30, 2019, Tennessee Gov. Bill Lee signed into law Public Chapter No. 265 (Senate Bill No. 708 or “S.B. 708”), amending the provisions of Tenn. Code Ann. § 67-5-502 relating to the taxation of leasehold interests....more