News & Analysis as of

Incentives Tax Credits

ASKramer Law

Q&A with Andie: Energy Tax Credits For A New World - Part I: Overview of Energy Tax Credits under the IRA

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Signed into law on August 16, 2022, the Inflation Reduction Act (IRA) is the most significant long-term commitment made by the U.S. government to encourage and support a clean energy future. The IRA modifies and revises the...more

Cozen O'Connor

Cozen Currents: Is Harris the Answer?

Cozen O'Connor on

The Cozen Lens - While it’s becoming ever clearer Vice President Harris is likely to be the Democratic nominee following President Biden’s decision to step aside, it’s less clear what the impact will be on the presidential...more

Harris Beach PLLC

Proposed Legislation to Incentivize Affordable Housing Conversions

Harris Beach PLLC on

The U.S. Congress is currently considering the “Revitalizing Downtowns and Main Streets Act” (the “Act”), legislation aiming to address changes in the post-pandemic real estate market and the nationwide affordable housing...more

Kohrman Jackson & Krantz LLP

Federal Brownfields Incentives Program’s Triumphant Return

On November 16, 2023, Congressman Mike Turner (R-OH-10) and Mikie Sherill (D-NJ-11) reintroduced the bipartisan Brownfields Redevelopment Tax Incentive Reauthorization Act (H.R. 6438) (BRTIRA). BRTIRA is designed to provide...more

Hahn Loeser & Parks LLP

“Greening” Your Contracts (Properties Magazine)

Allocating the Risks and Benefits of Green Construction- Sustainable (or “green”) construction practices and the trend toward green buildings are here to stay, driven not only by federal, state, and local legislation, tax...more

Fox Rothschild LLP

Business Court Rejects Effort to Eclipse Tax Credit Regime that Spurred NC Solar Farm Builds

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The NC Department of Revenue sought to throw some shade at the financing regimes through which solar farm and other renewable energy projects are built by challenging the flow of tax credits from LLC developers to their...more

Foley & Lardner LLP

IRA Tax Credits Benefit Energy and Manufacturing

Foley & Lardner LLP on

The passage of the Inflation Reduction Act (IRA) in August of last year saw the introduction of a number of new and expanded tax credits aimed at boosting onshore American manufacturing. These incentives represent...more

Lippes Mathias LLP

Florida State Legislature Passes Sweeping Affordable Housing Bill

Lippes Mathias LLP on

On March 24, 2023 the Florida State Legislature passed and presented to Gov. DeSantis a sweeping housing bill which aims to provide significant support for affordable and workforce housing development and preservation for...more

Mitchell, Williams, Selig, Gates & Woodyard,...

94th Arkansas General Assembly/Water Resource Conservation/Development Incentives Act: Addition of Chicot County

House Bill 1624 (“HB1624”) was introduced amending the Water Resource Conservation and Development Incentives Act (“Act”). The legislation is sponsored by Representative Beaty, Jr., and Senator Gilmore....more

Adams and Reese LLP

Business Continuity in a Natural Disaster: First Steps on the Road to Recovery - October 2022

Adams and Reese LLP on

As we begin to assess the damage from historic Hurricane Ian, Adams and Reese’s Disaster and Recovery Team is here to assist you. The Firm has extensive experience handling a wide range of disasters, including hurricanes Ida,...more

Dorsey & Whitney LLP

The CHIPS and Sciences ACT of 2022 - The Impact on China

Dorsey & Whitney LLP on

The CHIPS and Sciences Act of 2022 (the “Act”) was passed by the U.S. Congress on July 27, 2022 and signed into law by President Biden on August 9 of the same year. The Act is an effort to increase semiconductor manufacturing...more

Paul Hastings LLP

Impact of Inflation Reduction Act on Electricity Transmission and Offshore Wind Development

Paul Hastings LLP on

On August 16, President Biden signed the Senate budget reconciliation package known as the Inflation Reduction Act of 2022 (“IRA”), which was approved by the U.S. House of Representatives on August 12....more

Husch Blackwell LLP

Digging Deeper: Tax Considerations for Renewable Energy Projects

Husch Blackwell LLP on

Tax considerations are one of the main drivers for renewable energy projects. This fall, Husch Blackwell’s Energy and Natural Resources team hosted a webinar that explored the available federal and state credits, abatements,...more

BakerHostetler

Monetizing the Section 45Q Tax Credit: The Key to Carbon Sequestration

BakerHostetler on

If there is to be rapid progress in limiting the increase of carbon dioxide (CO2) in the atmosphere, it will depend substantially on federal tax credits and state incentives for carbon capture and storage. For now, carbon...more

BakerHostetler

IRS Releases New Guidance on Credits for Sequestration of Carbon

BakerHostetler on

If there is to be rapid progress in limiting the increase of carbon dioxide (CO2) in the atmosphere, it will depend substantially on federal tax credits and state incentives for carbon capture and storage. For now, carbon...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Twisting Arms to Get Jabbed, White House Says: ‘Vaccination Incentives All Around!’

On April 21, 2021, in a further push to encourage COVID-19 vaccinations for those individuals who have been hesitant, the White House issued a fact sheet titled, “President Biden to Call on All Employers to Provide Paid Time...more

Greenbaum, Rowe, Smith & Davis LLP

The New Jersey Economic Recovery Act Of 2020: An Overview Of The Personal Protective Equipment Manufacturing Tax Credit Program

The New Jersey Economic Recovery Act of 2020 (ERA), a seven-year, $14 billion package of incentive programs intended to encourage New Jersey job growth, property development and redevelopment, community partnerships and...more

Eversheds Sutherland (US) LLP

Electric vehicle incentives - federal

With interest and investment in electric vehicle (EV) technology increasing steadily, it is important for original equipment manufacturers, suppliers, dealers, and consumers to be aware of federal and state incentives...more

Greenbaum, Rowe, Smith & Davis LLP

The New Jersey Economic Recovery Act of 2020: An Overview Of The Brownfields Redevelopment Incentive Program

The New Jersey Economic Recovery Act of 2020, a seven-year, $14 billion package of incentive programs intended to encourage New Jersey job growth, property development and redevelopment, community partnerships, and numerous...more

Greenbaum, Rowe, Smith & Davis LLP

The New Jersey Economic Recovery Act of 2020: An Overview Of The New Jersey Historic Property Reinvestment Program

The New Jersey Economic Recovery Act of 2020, a seven-year, $14 billion package of incentive programs intended to encourage New Jersey job growth, property development and redevelopment, community partnerships, and numerous...more

Eversheds Sutherland (US) LLP

Electric vehicle incentives in Georgia

With interest and investment in electric vehicle (EV) technology increasing steadily, it is important for OEMs, suppliers, dealers, and consumers to be aware of federal and state incentives that may subsidize their particular...more

Foley & Lardner LLP

Coronavirus Impact on Economic Development Credit and Incentive Agreements

Foley & Lardner LLP on

With the economic disruption of the COVID-19 pandemic certain to continue through the end of 2020, now is the time to consider the impact of the virus on year-end reporting obligations, particularly those that relate to...more

Perkins Coie

New Jersey Buries the Needle on Electric Vehicles With New Legislation

Perkins Coie on

New Jersey Governor Phil Murphy signed landmark legislation (S2252/A4819) on January 17, 2020 that is poised to dramatically accelerate the electrification of New Jersey’s transportation sector. The legislation increases...more

McDermott Will & Emery

New Jersey Issues Guidance on BEIP Grant Conversion

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This month the New Jersey Economic Development Authority (the Authority) provided businesses with guidance, in the form of Frequently Asked Questions, on how to elect to have their unpaid Business Employment Incentive Program...more

Bergeson & Campbell, P.C.

Iowa Governor Signs Law Extending And Enhancing Biofuels Incentives

On May 21, 2014, Iowa Governor Terry Branstad (R) signed into law Senate Bill 2344, legislation to help promote the biofuels industry in the State....more

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