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Electric Vehicles Energy Tax Incentives

ArentFox Schiff

Charging Ahead: A Primer on EV Charging for the Hospitality Industry

ArentFox Schiff on

Location, price, brand, and customer reviews are typically the key considerations when someone is choosing a hotel. However, recent data from Hilton reveals one amenity increasingly holds sway for consumers — electric...more

Bricker Graydon LLP

Inflation Reduction Act: Federal Incentives for Public Entities for Clean Energy Improvements

Bricker Graydon LLP on

By now, you are likely aware that the federal government is making the largest investment in climate and energy improvements in American history, known as the Inflation Reduction Act (IRA). The IRA allocates funding to...more

Holland & Knight LLP

Treasury Department, IRS Release Clean Vehicle Tax Guidance

Holland & Knight LLP on

The U.S. Department of the Treasury and IRS have released several pieces of guidance regarding the tax incentives for clean vehicles provided under Sections 30D (new clean vehicle credit), 25E (previously owned vehicle...more

Troutman Pepper

Keys to IRA Tax Breaks for US Green Energy, EV Production

Troutman Pepper on

On Aug. 16, President Joe Biden signed the Inflation Reduction Act into law. The legislation includes landmark tax incentives for domestic energy production and manufacturing, with the goal of reducing carbon emissions in the...more

Perkins Coie

IRS Issues Fact Sheet for New Federal Clean Vehicle Tax Credits

Perkins Coie on

The Internal Revenue Service (IRS) published a fact sheet on December 29, 2022, clarifying changes in federal clean vehicle tax credits enacted through the Inflation Reduction Act (IRA) in August 2022. Through a detailed...more

Brownstein Hyatt Farber Schreck

Taxation & Representation, Dec. 6, 2022

Legislative Lowdown - Last-Minute Attempt to Revive Permitting Legislation. According to sources familiar with the matter, several moderate lawmakers from both parties are pushing to include energy-permitting reform...more

Wilson Sonsini Goodrich & Rosati

U.S. Treasury and the IRS Issue Request for Public Comments on Energy Tax Provisions in the Inflation Reduction Act

On October 5, 2022, the U.S. Treasury Department (the Treasury) and Internal Revenue Service (IRS) released six notices requesting public comment on the new and expanded energy tax provisions in the Inflation Reduction Act of...more

Wiley Rein LLP

Treasury Requests Comments for Upcoming Guidance on Energy Tax Benefits in the Inflation Reduction Act

Wiley Rein LLP on

The U.S. Treasury Department (Treasury) and the Internal Revenue Service (IRS) published six notices on October 5, 2022, requesting comments on various provisions in the Internal Revenue Code (Code) related to energy tax...more

Eversheds Sutherland (US) LLP

Treasury issues requests for comments regarding clean energy tax incentives in the Inflation Reduction Act of 2022

​​​​​​​On October 5, 2022, the Department of the Treasury released six requests for comments regarding certain clean energy tax incentives in the Inflation Reduction Act of 2022....more

Hahn Loeser & Parks LLP

Businesses and Individuals Can Benefit From The Inflation Reduction Act

The recently enacted Inflation Reduction Act of 2022 contains several new environment-related tax credits that are of interest to individuals and small businesses. The Act also extends and modifies some preexisting credits....more

Latham & Watkins LLP

Nine Takeaways From the Inflation Reduction Act’s Climate Initiatives

Latham & Watkins LLP on

The Act promises to touch on almost every aspect of US climate policy. On August 16, 2022, President Biden signed into law the Inflation Reduction Act (the Act), which expands clean and renewable energy production,...more

Venable LLP

Inflation Reduction Act: What You Need to Know

Venable LLP on

​​​​​​​On August 16, President Biden signed into law the much-anticipated Inflation Reduction Act. The Act includes numerous clean energy, decarbonization, and climate-related provisions. ...more

Eversheds Sutherland (US) LLP

Inflation Reduction Act of 2022: The energy tax provisions you need to know about

​​​​​​​The Inflation Reduction Act of 2022 (the Act) runs 725 pages and includes numerous energy tax provisions aimed at enhancing US energy security. The Act, if enacted, would extend and expand the renewable and alternative...more

Pillsbury Winthrop Shaw Pittman LLP

Inflation Reduction Act Revives Hope for Biden’s Climate Agenda

The far-reaching proposal would represent the largest legislative climate investment in U.S. history. The legislation would increase available tax incentives and expand availability to all types of power generation...more

ArentFox Schiff

Proposed Inflation Reduction Act of 2022 Would Provide Significant Spending Targeted To Clean Energy and Technology Development

ArentFox Schiff on

US Senate Democrats Chuck Schumer and Joe Manchin reached a compromise on the fiscal year 2022 budget reconciliation that includes $369 billion in new spending to spur clean energy and technology over the next decade. The...more

Eversheds Sutherland (US) LLP

FY 2022 Green Book goes big for green energy

On May 28, 2021, Treasury released the General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals, more commonly referred to as the Green Book. The issuance of the Green Book provides further detail on...more

Pillsbury Winthrop Shaw Pittman LLP

Energy Tax Implications of the American Jobs Plan

The American Jobs Plan would provide significant extension and expansion of many existing renewable energy tax credits, and it would also provide direct payment options for certain tax benefits such as the investment tax...more

Mayer Brown

Covid-19 Relief Legislation to Have Extenders for Renewables

Mayer Brown on

Last night, Congressional leaders announced an agreement on a $900 billion COVID relief bill. While the text of the bill has not been released as of this writing, people familiar with the negotiations have indicated that the...more

Bracewell LLP

GREEN Act Update

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House Democrats today released their long-awaited package of clean energy tax incentives, the Growing Renewable Energy and Efficiency Now (GREEN) Act. In a release accompanying the legislative text and section-by-section...more

Foley & Lardner LLP

Recharging Electric Vehicle Incentive Limits

Foley & Lardner LLP on

Recently, Representative Peter Welch of Vermont introduced legislation restructuring the planned phase out for the current electric vehicle $7500 federal tax credit. As has been discussed in great detail in this blog, the...more

Holland & Knight LLP

House and Senate Tax Reform Proposals Diverge on Energy Provisions

Holland & Knight LLP on

On November 2, House Republicans introduced H.R. 1, the Tax Cuts and Jobs Act. Senate Republicans followed suit shortly thereafter, releasing their proposal on November 9. The House Ways & Means Committee concluded its markup...more

Foley & Lardner LLP

Does Repeal of the EV Tax Credit Really Matter?

Foley & Lardner LLP on

Last week, Republicans in the U.S. House of Representatives released their first attempt at tax reform legislation. Buried in the proposed legislation is a repeal of the current tax credit of up to $7500 to purchasers of...more

Mayer Brown

GOP Tax Bill Proposes Changes to the Renewable Energy Industry’s Tax Incentives

Mayer Brown on

On Thursday, November 2, Republicans in the US House of Representatives released their proposed tax reform legislation, providing for massive alterations to tax law. The proposed legislation would trim tax benefits applicable...more

Mintz - Energy & Sustainability Viewpoints

ML Strategies Energy and Environment Update: Week of 1/13/2015

ENERGY AND CLIMATE DEBATE - The 114th Congress and the final two years of the Obama Administration include a full energy and environment agenda....more

Cozen O'Connor

“Fiscal Cliff” Bill Also Extends Tax Credits for Renewable Energy, Energy Efficiency and Alternative Fuel Vehicles

Cozen O'Connor on

On January 1, 2013, the U.S. Congress passed last minute legislation known as the American Taxpayer Relief Act of 2012 (the Act) to avoid an automatic increase in income taxes for millions of Americans and draconian cuts to...more

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