The Inflation Reduction Act ushers in the largest clean energy tax credit package in US history.
Key Points:
• Wind and solar tax credits receive a multi-year extension at full rates, and solar projects are eligible...more
8/18/2022
/ Biden Administration ,
Carbon Capture and Sequestration ,
Climate Change ,
Energy Tax Incentives ,
Green Energy ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
Production Tax Credit ,
Renewable Energy ,
Renewable Energy Incentives ,
Tax Credits
The Inflation Reduction Act, which includes the most dramatic expansion of clean energy tax credits in recent history, would provide a multi-year extension of existing tax credits for wind and solar, increase tax credits for...more
8/1/2022
/ Carbon Capture and Sequestration ,
Clean Energy ,
Emerging Technology Companies ,
Energy Sector ,
Energy Tax Incentives ,
Investment Tax Credits ,
Pending Legislation ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Tax Incentives ,
Wind Power
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
The US Treasury Department and the IRS provided practical administrative rules for the carbon capture and sequestration tax credit.
Key Points:
..The IRS finalized the third set of rules in a series of regulatory guidance...more
1/22/2021
/ Carbon Capture and Sequestration ,
Carbon Emissions ,
Climate Change ,
Energy Projects ,
Energy Sector ,
Final Rules ,
IRS ,
Popular ,
Renewable Energy ,
Tax Credits ,
U.S. Treasury
Congress extends tax credits for certain renewables, and expands tax credits for offshore wind and waste energy recovery.
Key Points:
..Production tax credits for onshore and offshore wind projects are extended at a 60%...more
12/29/2020
/ Carbon Capture and Sequestration ,
Coronavirus/COVID-19 ,
Energy Projects ,
Energy Sector ,
Investment Tax Credits ,
Offshore Wind ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Tax Relief
The Treasury Department and the IRS provided practical administrative rules for the carbon capture and sequestration tax credit.
Key Points:
..These rules are the third in a series of regulatory guidance issued by the IRS...more
Market participants can comment on new details related to the requirements, time periods, and permitted transfers of carbon credits.
On May 28, the IRS released the long-awaited third piece of carbon capture tax credit...more
The IRS addressed key commercial and technical issues regarding the development and financing of carbon capture and sequestration projects.
Key Points:
..The IRS released the first two of three anticipated guidance...more
IRS seeks comments on key technical questions under the 45Q Credit regime that should spur industry growth.
Key Points:
..The 45Q Credit, which was significantly broadened in 2018, provides a tax credit for each metric...more