The Inflation Reduction Act of 2022 (the “IRA”) made major changes to expand and restructure both the Production Tax Credit (the “PTC”) under Section 45 of the Internal Revenue Code (the “Code”) and the Investment Tax Credit...more
The Inflation Reduction Act of 2022 (the “IRA”) made major changes to expand and restructure both the Production Tax Credit (the “PTC”) under Section 45 of the Internal Revenue Code (the “Code”) and the Investment Tax Credit...more
On April 4, 2023, the IRS and the Treasury issued Notice 2023-29 (the “Notice”) announcing an intention to propose regulations, and providing interim guidance, with respect to the requirements that taxpayers must satisfy in...more
6/12/2023
/ Brownfield Properties ,
CERCLA ,
Energy Sector ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
IRS ,
Production Tax Credit ,
Renewable Energy ,
Safe Harbors ,
Tax Credits ,
U.S. Treasury
The Inflation Reduction Act (“IRA”) created new incentives for the generation of electricity from nuclear power plants, supplementing incentive provisions that are currently in place. The primary changes are (i) the adoption...more
6/12/2023
/ Department of Energy (DOE) ,
Economic Sanctions ,
Embargo ,
Energy Tax Incentives ,
Federal Funding ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
Nuclear Power ,
Production Tax Credit ,
Qualified Energy Facilities ,
Renewable Energy ,
Russia ,
Tax Credits ,
Zero Emission Credits
The Inflation Reduction Act (the “IRA”), which was signed into law in August of 2022, has been top of mind for members of the renewable energy industry. This is because, among other things, the IRA significantly restructured...more
5/24/2023
/ Apprenticeships ,
Construction Industry ,
Department of Labor (DOL) ,
Energy Projects ,
Energy Sector ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
IRS ,
Prevailing Wages ,
Production Tax Credit ,
Recordkeeping Requirements ,
Renewable Energy ,
Safe Harbors ,
Tax Credits
This newsletter discusses recent key guidance releases, regulatory changes, noteworthy news and certain upcoming compliance deadlines.
Topics include:
- 10 Things You Should Know About Opportunity Zones
- ILPA...more
5/20/2019
/ Capital Gains ,
Institutional Limited Partners Association (ILPA) ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investment Funds ,
IRS ,
Opportunity Zones ,
Private Funds ,
Proposed Regulation ,
Real Estate Development ,
Tax Cuts and Jobs Act ,
U.S. Treasury
On Friday, October 19, 2018, the IRS and Treasury released their first set of proposed regulations providing guidance regarding the application and implementation of the Qualified Opportunity Zone tax rules set forth in...more
10/24/2018
/ Capital Gains ,
Community Development ,
Economic Development ,
Internal Revenue Code (IRC) ,
Investment Funds ,
IRS ,
Opportunity Zones ,
Proposed Regulation ,
Qualified Opportunity Funds ,
Real Estate Development ,
Real Estate Investments ,
Tax Legislation ,
Tax Planning ,
U.S. Treasury
The House Ways and Means Committee released the Tax Cuts and Jobs Act (H.R. 1) on Thursday, November 2, 2017. The proposed tax legislation covers a broad scope of topics, including, among others...more