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 U.S. Department of the Treasury, in conjunction with the Internal Revenue Service (IRS), released updated proposed guidance on the Section 45X Production Tax Credit (PTC). The guidance addresses specific requirements...more
The Inflation Reduction Act (IRA) recently celebrated its first anniversary with some programs becoming increasingly oversubscribed even before the funding is released. One of those programs is the qualifying advanced energy...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 U.S. lawmakers resume negotiations over spending and climate-based policies, now is the time for interested parties to engage with their representatives about carbon credit values. Current trends underscore the importance...more
A last-minute deal to extend several expired and expiring tax provisions was reached among House, Senate and Trump administration negotiators, ending months-long speculation about the package. The deal, which includes a...more
On November 30, the EPA released its final rule for 2019/2020 renewable volume obligations (RVOs) for the Renewable Fuel Standard. The move establishes the marketplace for ethanol and other renewable fuels for the coming...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