The U.S. Department of the Treasury and IRS on Jan. 10, 2025, released initial guidance regarding the production tax credit (PTC) for clean fuels under Section 45Z of the Internal Revenue Code, as enacted by the Inflation...more
The IRS on July 24, 2024, released Notice 2024-60, which provides Section 45Q guidance for utilization of carbon dioxide and other carbon oxides. The Notice addresses the information that must be included in the required life...more
8/12/2024
/ Administrative Review ,
Carbon Capture and Sequestration ,
Clean Air Act ,
Department of Energy (DOE) ,
Energy Sector ,
Greenhouse Gas Emissions ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Production Tax Credit ,
Renewable Energy ,
Reporting Requirements ,
Tax Credits
The U.S. Department of the Treasury and IRS released Notice 2024-37 on April 30, 2024, regarding the Sustainable Aviation Fuel (SAF) Tax Credit found at Section 40B of the Internal Revenue Code as an income tax credit and...more
5/3/2024
/ Agricultural Sector ,
Aviation Industry ,
CARB ,
Carbon Offset and Reduction Scheme for International Aviation (CORSIA) ,
Climate Change ,
Department of Agriculture ,
Department of Energy (DOE) ,
Federal Pilot Programs ,
Fuel Supply ,
Greenhouse Gas Emissions ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Sustainability ,
Tax Credits ,
U.S. Treasury ,
USDA
Since the beginning of his presidential campaign, President Joe Biden has made clear his vision to drive the United States toward world leadership in green energy. With tax policy long an important tool in the toolbox for...more
6/15/2021
/ Biden Administration ,
Carbon Capture and Sequestration ,
Corporate Taxes ,
Electric Vehicles ,
Energy Efficiency ,
Energy Sector ,
Federal Budget ,
Fossil Fuel ,
Green Book ,
Investment Tax Credits ,
IRS ,
Legislative Agendas ,
Nuclear Power ,
Oil & Gas ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Sustainable Projects ,
Tax Credits ,
U.S. Treasury ,
Wind Power
On November 2, House Republicans introduced H.R. 1, the Tax Cuts and Jobs Act. Senate Republicans followed suit shortly thereafter, releasing their proposal on November 9. The House Ways & Means Committee concluded its markup...more
11/17/2017
/ Crude Oil ,
Electric Vehicles ,
Energy Tax Incentives ,
Energy-Efficiency Tax Credits ,
Income Taxes ,
Investment Tax Credits ,
IRS ,
Manufacturers ,
Markups ,
Natural Gas ,
Nuclear Power ,
Oil & Gas ,
Production Tax Credit ,
Proposed Legislation ,
Senate Finance Committee ,
Tax Credits ,
Tax Cuts ,
Tax Deductions ,
Tax Reform ,
Ways and Means Committee