On July 4, 2025, the legislation commonly known as “The One Big Beautiful Bill Act” (the “BBBA”) was enacted. The BBBA makes permanent, extends and, in certain cases, modifies, a number of provisions from the 2017 Tax Cuts...more
7/9/2025
/ Bonus Depreciation ,
Business Taxes ,
Capital Gains ,
Clean Energy ,
Corporate Taxes ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
International Tax Issues ,
New Legislation ,
Qualified Opportunity Funds ,
Research and Experiment Tax Credit ,
Small Business ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Incentives ,
Tax Legislation ,
Tax Rates ,
Tax Reform ,
Taxable Income
On July 4, 2025, the legislation commonly known as the "One Big Beautiful Bill Act" (the “BBBA”) was enacted. The BBBA makes significant changes to the tax credits available under the Inflation Reduction Act of 2022 (the...more
7/9/2025
/ China ,
Clean Energy ,
Energy Tax Incentives ,
Foreign Entities ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
New Legislation ,
Renewable Energy ,
Tax Credits ,
Tax Planning ,
Tax Reform ,
U.S. Treasury
On May 22, 2025, the House passed the legislation entitled “The One Big Beautiful Bill” (the “BBB”) that would, if enacted into law, severely restrict clean energy tax incentives. This client update addresses the BBB’s...more
6/2/2025
/ China ,
Clean Energy ,
Energy Policy ,
Energy Tax Incentives ,
Foreign Entities ,
Inflation Reduction Act (IRA) ,
International Trade Commission (ITC) ,
Investment Tax Credits ,
New Legislation ,
North Korea ,
Popular ,
Production Tax Credit ,
Proposed Legislation ,
Renewable Energy ,
Russia ,
Tax Credits ,
U.S. Treasury
On January 3, 2025, the Internal Revenue Service (“IRS”) and the Department of the Treasury (“Treasury”) released long-awaited final regulations regarding the clean hydrogen production tax credit under section 45V of the...more
On January 15, 2025, the Internal Revenue Service (the “IRS”) and the Department of the Treasury (“Treasury”) published final regulations regarding the new “clean electricity production credit” under Internal Revenue Code...more
1/22/2025
/ Clean Energy ,
Department of Energy (DOE) ,
Energy Projects ,
Energy Sector ,
Greenhouse Gas Emissions ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Regulatory Agenda ,
Renewable Energy ,
Tax Credits ,
U.S. Treasury
On September 3, 2024, the Internal Revenue Service (“IRS”) and the Department of the Treasury (“Treasury”) published proposed regulations relating to the Clean Electricity Low-Income Communities Bonus Credit Program (the...more
9/12/2024
/ Clean Energy ,
Department of Agriculture ,
Energy Tax Incentives ,
Greenhouse Gas Emissions ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
IRS ,
Loper Bright Enterprises v Raimondo ,
Proposed Regulation ,
Renewable Energy Incentives ,
Tax Credits ,
Tribal Corporations ,
U.S. Treasury