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Senate Finance Committee revises House energy tax provisions in One Big Beautiful Bill

On June 16 the Senate Finance Committee (SFC) released its revised text to the House-passed One Big Beautiful Bill (OBBB). While the SFC version largely follows the House approach in repealing clean vehicle and residential...more

Implications of new FEOC restrictions on clean energy tax credits

On May 12, 2025, the House Ways and Means Committee reported out a significant tax reconciliation bill, known as the “One, Big, Beautiful Bill.” While the bill aims to extend and enhance several provisions from the 2017 Tax...more

Full U.S. House passes “One Big Beautiful Bill” – Impact on energy

On May 22, 2025 the House of Representatives, by a vote of 215-214 (no Democrats supporting), passed the One Big, Beautiful Bill Act (“OBBB”) which includes manager’s amendment changes from the version passed by the Ways and...more

House passes “One Big, Beautiful Bill”– Impact on energy

On May 13, 2025 the House passed the “One Big, Big, Beautiful Bill,” which includes significant cuts to the Inflation Reduction Act (IRA) energy incentives. The changes shorten the duration of or eliminate 17 IRA “green”...more

Treasury issues final section 45V clean hydrogen production credit rules

Final 45V rules provide important clarifications and additional flexibility which will allow many hydrogen producers to claim 45V credits, both for electrolytic and methane-based hydrogen, but also impose new hurdles in...more

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