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
Notice 2021-05 gives renewable energy developers 10 years to complete projects located offshore or on federal land.
Key Points:
..Developers of offshore and federal land projects now have 10 years to complete their...more
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
Treasury finalizes rules for key component of tax reform for pass-through trades and businesses.
Key Points:
..The deduction of up to 20% of pass-through trade or business income effectively may reduce the top marginal...more
Major tax overhaul will reshape the renewables and energy industries.
Key Points:
..Sponsors must navigate new tax rules in search of lowest after-tax capital structures.
..A new cross-border tax threatens to...more
Seeking to curb “excessive” use of related-party debt, Treasury and IRS retain basic framework, but significantly narrow the scope, of the Proposed Regulations.
On October 13, 2016, the US Department of the Treasury...more
Latest guidance extends “continuity safe harbor” to four years and includes other taxpayer-friendly modifications and clarifications to existing guidance.
On May 5, 2016, the Internal Revenue Service (IRS) issued...more
5/11/2016
/ Begun Construction Test ,
Bipartisan Budget ,
Energy Projects ,
Energy Sector ,
Investment Tax Credits ,
IRS ,
New Guidance ,
Physical Work Test ,
Popular ,
Production Tax Credit ,
Renewable Energy ,
Safe Harbors ,
Wind Power
New regulations expand prior guidance reducing tax benefits of inversions. Proposed debt-equity rules will impact even routine intercompany transactions.
On April 4, 2016, the US Department of the Treasury (Treasury) and...more
4/21/2016
/ Acquisitions ,
Anti-Inversion Regulations ,
Controlled Foreign Corporations ,
Controlled Groups ,
Corporate Taxes ,
De Minimus Quantity Exemption ,
Dividends ,
Foreign Corporations ,
Inversion ,
IRS ,
Multinationals ,
Proposed Regulation ,
Related Parties ,
Stocks ,
U.S. Treasury
Proposed regulations would establish a sweeping framework to treat debt as equity in an effort to curb the use of “excessive” related-party debt.
On April 4, 2016, the US Department of the Treasury (Treasury) and the...more
4/21/2016
/ Affiliates ,
Anti-Avoidance ,
Consolidated Tax Returns ,
Controlled Groups ,
Cross-Border Transactions ,
Debt ,
Dividends ,
Foreign Corporations ,
Income Taxes ,
IRS ,
Proposed Regulation ,
REIT ,
Related Parties ,
Required Documentation ,
Stocks ,
U.S. Treasury ,
Withholding Tax