In connection with the Inflation Reduction Act (IRA), on December 22, 2023, the Internal Revenue Service (IRS) released a Proposed Regulation related to Section 45V of the Internal Revenue Code.
The Proposed Regulation,...more
The Department of the Treasury (DOT), through the Internal Revenue Service (IRS) and in consultation with the Department of Energy (DOE), released new draft guidance on Section 48 tax credits, as well as updated guidance in...more
On June 28, 2023, the U.S. Environmental Protection Agency (EPA) launched a $7 billion grant competition to increase access for low-income households to solar energy. The “Solar for All” competition, created by the Inflation...more
The IRS and Department of Treasury released the long-anticipated Notice of Proposed Rulemaking (NPRM) for ways to monetize tax credits included in the administration’s Inflation Reduction Act (IRA). The proposed rules, which...more
As part of dogged efforts to implement his proposed sustainability agenda, President Biden recently announced that he authorized the Department of Energy to use the Defense Production Act (DPA) to expand the domestic...more
Recently the EPA released a proposed rule establishing Renewable Volume Obligations (RVOs) under the Renewable Fuel Standard (RFS), while also denying more than 60 small refinery exemption (SRE) petitions and proposing other...more
On Wednesday, December 20, Congress passed H.R. 1, the Tax Cuts and Jobs Act. The bill represents the most comprehensive reform to the tax code in almost three decades and a legislative victory for both the Republican...more
On Thursday, July 27, the U.S. House of Representatives passed H.R. 3219, the Make America Secure Appropriations Act of 2018, by a vote of 235 -192. The package includes the individual appropriations bills for Military...more
It has been over thirty years since the last major overhaul of the U.S. tax code, President Reagan's Tax Reform Act of 1986. That process took over two years and required cooperation between the President and both parties in...more
The Department of Energy released its Quadrennial Energy Review (QER) on April 21, 2015, which includes a series of recommendations to upgrade the country’s aging energy infrastructure (from our natural gas infrastructure to...more
Last week, the U.S. Department of Interior released its new proposal for development of solar and wind resources on public lands. The proposal, referred to as the Desert Renewable Energy Conservation Plan (DREC), focuses on...more