The Inflation Reduction Act of 2022 (IRA) extended and modified a federal investment tax credit for advanced energy manufacturing projects under Section 48C of the Code. Section 48C provides incentives for clean energy...more
The Department of Transportation (DOT) published a Notice of Funding Opportunity for the recently enacted Charging and Fueling Infrastructure (CFI) discretionary grant program. The first round of funding will deploy up to...more
Background -
On March 31, 2023, the Treasury Department released proposed guidance on the battery component and critical mineral sourcing requirements for the 30D tax credit under the Inflation Reduction Act (IRA)....more
House -
House Appropriations Chairwoman Kay Granger (R-TX) released fiscal year 2024 member request guidance. House Republicans announced as part of the guidance that congressionally directed spending, also known as...more
On Tuesday, November 30, 2022, the House of Representatives voted to pass H.J. Res. 100, which codifies a labor agreement between the Biden Administration and railroad labor unions. The resolution provides a 24 percent salary...more
The 118th Congress will be divided when it convenes in January 2023. After the 2022 midterm elections, Democrats will retain control of the Senate and the Republicans will control the House.
On November 15, 2022, House...more
On Aug. 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 (IRA), which includes new and revised tax incentives for clean energy projects. The IRA extends and significantly modifies the federal tax...more
8/25/2022
/ Biden Administration ,
Clean Energy ,
Energy Projects ,
Energy Tax Incentives ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
Production Tax Credit ,
Renewable Energy ,
Renewable Energy Incentives ,
Solar Energy ,
Tax Credits ,
Wind Power
On August 16, 2022, the Department of Treasury released initial guidance on the electric vehicle (EV) tax credits for individuals that were modified by the recently enacted Inflation Reduction Act (IRA). The guidance includes...more
On July 27, 2022, U.S. Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.V.) introduced the Inflation Reduction Act of 2022, which proposes new and revised tax incentives for clean energy. The bill...more
On Aug. 10, 2021, the Senate passed the infrastructure bill, called the Infrastructure Investment and Jobs Act (IIJA) in a 69-30 vote. The bill will now wait for consideration in the House of Representatives. The total cost...more
8/11/2021
/ Airports ,
Bridges ,
Broadband ,
Electric Vehicles ,
Highways ,
Infrastructure ,
Popular ,
Power Grid ,
Public Transit ,
Railways ,
Roads
On Monday, Aug. 9, 2021, the Senate Budget Committee released its budget resolution for fiscal year 2022. The bill will serve as the foundation for the broad, sweeping spending bill that Democrats and President Biden hope to...more
On Wednesday, July 28, a bipartisan group of Senators, along with the White House, announced an infrastructure agreement. That evening, the Senate then voted to invoke cloture on the motion to proceed with consideration of...more
On Wednesday, July 14, 2021 Senators Chuck Schumer (D-NY), Cory Booker (D-NJ), and Ron Wyden (D-OR) released draft legislation titled the Cannabis Administration and Opportunity Act. Today, adult use of cannabis, which is...more
On June 8, 2021 the administration released a report detailing its findings from a 100-day review of vulnerabilities within the supply chains of four critical products...more
On April 21, 2021, U.S. Senate Finance Committee Chairman Ron Wyden (D-Ore.) and 24 Democratic senators introduced the Clean Energy for America Act, which proposes to consolidate the current energy tax incentives available...more
American Jobs Plan On Wednesday, March 31, 2021, the Biden Administration released their American Jobs Plan, which constitutes the first of two sections of a larger infrastructure package. This section contains roughly $2.5...more
Earmarks are making a return to Congress. House Democrats have announced their intention to bring back earmarks after a moratorium lasting a decade. Removing the moratorium will give more power to individual lawmakers,...more
Later this week, the U.S. House of Representatives will introduce and likely vote on the COVID-19 relief bill, which is supported by President Biden. As the vote nears, however, the Byrd rule, originating from former Senator...more
After setting lofty climate change goals and promising a clean energy revolution, the Biden administration is expected to move quickly in its first hundred days to restore regulations and revamp agencies. This alert...more
The U.S. Department of the Treasury and IRS recently issued final regulations regarding carbon capture tax credits under section 45Q of the Internal Revenue Code, which amend and clarify the proposed regulations issued last...more
On Dec. 21, 2020, the U.S. House of Representatives and Senate passed a year-end tax package, which would extend certain tax credits for renewable energy and other tax incentives. The bill was sent to President Trump for his...more
Summary -
On December 21, 2020, Congress released and passed its long-awaited coronavirus relief package, which was part of a nearly 5,600 page 2021 government appropriations bill. The $900 billion COVID-19 stimulus is the...more
On July 9, 2020, the U.S. Department of Agriculture (USDA) released an initial list of additional commodities that have been added to the Coronavirus Food Assistance Program (CFAP), and announced other adjustments to the...more
On May 28, 2020, the IRS issued proposed regulations regarding carbon capture tax credits under Section 45Q of the Internal Revenue Code. The proposed regulations provide rules on secure geological storage, credit recapture,...more
On May 19, the U.S. Department of Agriculture (USDA) issued the final rule for the $16 billion Coronavirus Food Assistance Program (CFAP). The final rule outlines how farmers and ranchers can apply for and receive direct...more