The Senate Finance Committee recently released its own draft of the “One Big Beautiful Bill Act” (the Bill) previously passed by the House as H.R. 1. Both the House and Senate versions of the Bill impose restrictions on...more
6/25/2025
/ China ,
Energy Projects ,
Enforcement Actions ,
Foreign Entities ,
Inflation Reduction Act (IRA) ,
Iran ,
IRS ,
North Korea ,
Popular ,
Prohibited Transactions ,
Proposed Legislation ,
Renewable Energy ,
Risk Management ,
Russia ,
Senate Finance Committee ,
Supply Chain ,
Tax Credits ,
US Trade Policies ,
Uyghur Forced Labor Prevention Act (UFLPA)
On May 22, 2025, the U.S. House of Representatives passed a new version of H.R. 1, “The One, Big, Beautiful Bill” that would effectively repeal the Inflation Reduction Act’s (IRA’s) clean energy tax credits almost...more
5/27/2025
/ Clean Energy ,
Energy Policy ,
Energy Projects ,
Energy Tax Incentives ,
Fuel Standards ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
New Legislation ,
Nuclear Power ,
Proposed Legislation ,
Renewable Energy ,
Tax Credits ,
Tax Reform
Lately, elected representatives on both sides of the aisle have been displaying an appetite for expanding transferable tax credits to a broader variety of industries. This is evidenced by the recent profusion of proposed...more
On May 14, 2025, the Ways & Means Committee of the House of Representatives released much-anticipated draft tax legislation from committee markup. Although tax considerations are only one part of the so-called “Big Beautiful...more
On April 30, 2024, the Department of the Treasury issued final regulations on tax credit transfers that allow hydrogen producers to sell tax credits earned under § 45V of the Inflation Reduction Act (IRA). Section 6418 of the...more
4/26/2024
/ Fossil Fuel ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Hydropower ,
Inflation Reduction Act (IRA) ,
Leases ,
Mineral Leases ,
Purchase Agreement ,
Solar Energy ,
Tax Credits ,
Wind Power
The Inflation Reduction Act (the “IRA”) provides funding for several tax credit incentives related to significant investments in energy projects. One of these credits is the section 48C investment tax credit (“48C Credit”),...more
In an effort to trade an increase in the debt ceiling for spending cuts, the Republican-controlled U.S. House of Representatives has narrowly passed H.R. 2811, dubbed the Limit, Save, Grow Act of 2023. The legislation seeks...more
Kevin McCarthy (R-CA), the Speaker of the U.S. House of Representatives, has introduced a debt limit plan that aims to cut government spending by $2.7 trillion over the next decade. The Republican plan specifically targets...more
On October 5, 2022, the U.S. Department of the Treasury highlighted six separate notices requesting initial general public comments in response to specific sets of questions pertaining to climate and clean energy tax...more
On August 16, 2022, President Joseph Biden signed into law the Inflation Reduction Act of 2022 in what many have called the largest investment in climate change countermeasures in U.S. history....more
8/29/2022
/ Carbon Capture and Sequestration ,
Carbon Emissions ,
Clean Energy ,
Clean Fuels Program (CFP) ,
Energy Tax Incentives ,
Incentives ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
Joe Biden ,
New Legislation ,
Nuclear Power ,
Popular ,
Renewable Energy ,
Superfund
The Repurchase of Corporate Stock provision of the Inflation Reduction Act of 2022 (IRA), often called the stock-buyback provision, imposes a one percent excise tax on the repurchase or redemption of stock by covered...more
The Inflation Reduction Act of 2022 (IRA) includes increased Internal Revenue Service (IRS) funding in the amount of approximately $80 billion over ten years. According to a Congressional Research Service report, the law...more