News & Analysis as of

Electricity › Tax Exemptions

Troutman Pepper

EV Tech Series: The Inflation Reduction Act’s Impact on the Energy Industry With Judy Kwok and Marc Machlin - Battery + Storage...

Troutman Pepper on

The Inflation Reduction Act of 2022 (IRA) is the most significant legislation related to climate change in U.S. history. With it comes significant tax implications for the clean energy industry, including renewables, storage,...more

K&L Gates LLP

Welcome to the Tax Credit Revolution: New Opportunities for the Energy Industry in the Inflation Reduction Act

K&L Gates LLP on

On 16 August 2022, President Joe Biden signed the Inflation Reduction Act of 2022 (IRA). While not as expansive as the Build Back Better Act, the IRA has the potential to dramatically accelerate the energy transition in the...more

Farella Braun + Martel LLP

Battery Energy Storage Systems Integrated in Solar Facilities To Receive Tax Incentives

Farella Braun + Martel LLP on

Intermittency is one of the largest issues impeding increased reliance on energy from utility-scale renewable energy generation sources such as wind and solar. Battery energy storage systems (“BESSs”) can alleviate concerns...more

Holland & Hart LLP

Colorado Legislative Update: Sales Tax Exemption Legislation Affecting Mining Industry

Holland & Hart LLP on

At the Colorado Capitol this week, the Tax Expenditure Evaluation Interim Committee voted to move forward with legislation related to the sales tax exemption for the purchases of electricity, gas, and other types of energy...more

Farella Braun + Martel LLP

Unpacking California Solar Taxation: What to Know During Development

Farella Braun + Martel LLP on

Development of solar projects in California has been spurred by California’s renewable portfolio standard (RPS), which requires that 60% of retail electricity sales must be served by renewable resources by 2030 and requires...more

Holland & Knight LLP

Emergency Rule for Equipment Used to Generate Electric Energy Renewed

Holland & Knight LLP on

On Nov. 16, 2018, the Florida Department of Revenue renewed Emergency Rule 12AER18-02, which implemented Section 56, Chapter 2018-118, Laws of Florida, providing for a sales tax exemption for equipment purchased to generate...more

Faegre Drinker Biddle & Reath LLP

Indiana Tax Court Serves a Sales Tax Exemption To Restaurant Chain for Electricity Used to Warm Food

Faegre Drinker Biddle & Reath LLP on

Electricity used by Qdoba Mexican Restaurants to keep food warm before final preparation and sale was found exempt from sales tax by the Indiana Tax Court. On June 23, 2015, the Indiana Tax Court in Aztec Partners, LLC v....more

Morrison & Foerster LLP

MoFo New York Tax Insights - Volume 6, Issue 8 - August 2015

Morrison & Foerster LLP on

Court Of Appeals Affirms Revocation Of Tax Exemption For Public Parking Facilities - Reversing a decision by the Appellate Division, the Court of Appeals has held in a 5-2 decision that a charitable organization is not...more

Eversheds Sutherland (US) LLP

Electricity Transmission and Distribution Equipment Ineligible for Georgia Sales Tax Manufacturing Exemption

Eversheds Sutherland (US) LLP on

The Georgia Tax Tribunal has held that an electric utility’s transmission and distribution equipment was not “necessary and integral to the manufacture of tangible personal property” and thus did not qualify for an exemption...more

9 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide