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Investment Tax Credits Tax Credits

Foster Swift Collins & Smith

Energy Tax Credits Under Scrutiny | What Strieby Means for Investors and Partnerships

IRS has made a habit of challenging whether a member of a limited liability company that is treated as a partnership for tax purposes is materially participating in the activities of the partnership....more

Bergeson & Campbell, P.C.

Bipartisan Senate Bill Would Support Biomanufacturing

On January 14, 2026, Senators Pete Ricketts (R-NE) and Chris Coons (D-DE) introduced the Renewable Chemicals Act (S. 3632). According to Ricketts’s January 14, 2026, press release, the bipartisan legislation “would provide a...more

McDermott Will & Schulte

Nuclear power projects gain momentum as federal tax incentives, data center demand transform financing landscape

With electricity demand rising across the United States, nuclear power is receiving renewed attention from energy developers, investors, and financiers – both for existing facilities and new projects....more

Baker Botts L.L.P.

Energy 2025 - Year in Review

Baker Botts L.L.P. on

Geopolitical fractures and trade uncertainty persisted in 2025, yet cross‑border energy trade proved more essential than ever to global stability and growth....more

Husch Blackwell LLP

Proposed Bill Would Revive Slashed OBBBA Energy Tax Credit Cuts

Husch Blackwell LLP on

On October 29, 2025, Democratic members of the House Ways and Means Committee introduced H.R. 5862, the American Energy Independence and Affordability Act (the Bill). The legislation, introduced by Rep. Mike Thompson...more

McDermott Will & Schulte

IRS roundup: November 25 – December 10, 2025

McDermott Will & Schulte on

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for November 25, 2025 – December 10, 2025....more

DLA Piper

DL Energy

DLA Piper on

On 22 November 2025, Decree-Law No. 175 of 21 November 2025 (known as the Energy Decree) came into force. It contains “Urgent measures concerning Transition Plan 5.0 and energy production from renewable sources” (Official...more

DLA Piper

Il DL Energia

DLA Piper on

In data 22 novembre 2025 è entrato in vigore il Decreto-Legge 21 novembre 2025, n. 175 (noto come "DL Energia") recante "Misure urgenti in materia di Piano Transizione 5.0 e di produzione di energia da fonti rinnovabili" (GU...more

DLA Piper

Business income tax measures in Canada’s 2025 Federal Budget

DLA Piper on

The 2025 Federal Budget (Budget 2025) introduced a number of business income tax measures aimed at stimulating investment and accelerating the transition to a clean economy. Key initiatives include temporary immediate...more

McGuireWoods LLP

Year-End Planning: Tax Credit Sales for Taxpayers With California SALT Nexus

McGuireWoods LLP on

On Oct. 1, 2025, Gov. Gavin Newsom signed into effect California S.B. 302, which excludes tax credit monetization transactions from the California income tax for taxable years beginning Jan. 1, 2026, and before Jan. 1, 2031....more

Foster Swift Collins & Smith

Tax Court Clarifies Application of Limits to Energy Credits for Partnership Investors

A recent Tax Court decision (Strieby v. Commissioner, T.C. Memo 2025-28) highlights a risk for investors claiming energy tax credits through partnerships. In Strieby, the taxpayer argued that energy credits were not subject...more

Haynes Boone

The One Big Beautiful Bill: Turning Point for UK and EU Energy Players Operating in the United States

Haynes Boone on

On 4 July 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBB), representing a sweeping reset of the United States (U.S.) energy policy. The act drastically pares back the energy transition tax credits...more

Greenbaum, Rowe, Smith & Davis LLP

Solar ITC Safe Harbors After the “Big Beautiful Bill”: What Developers Need to Know

The One Big Beautiful Bill Act (OBBBA) significantly reshaped the landscape for solar and other renewable energy incentives. In response to a directive from President Donald Trump, the U.S. Department of the Treasury and the...more

Davies Ward Phillips & Vineberg LLP

Federal Budget 2025

Earlier Tuesday, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, delivered the Liberal Party’s first federal budget under Prime Minister Mark Carney (Budget 2025). Budget 2025 does not...more

Balch & Bingham LLP

Clean Energy Tax Changes Cut Timelines, Add Red Tape

Balch & Bingham LLP on

Significant changes to the Inflation Reduction Act through the One Big Beautiful Bill Act are set to reshape energy project development, financing strategies and long-term investment planning. Through revised deadlines,...more

Brownstein Hyatt Farber Schreck

Taxation & Representation, Oct. 2025

Government Shutdown Outlook: On Sept. 29, House and Senate majority and minority leaders, also known as the “Big 4,” met with President Trump to discuss the imminent federal government shutdown. The meeting ended without an...more

Husch Blackwell LLP

OBBBA Renewable Energy Provisions: Frequently Asked Questions - UPDATED 9/22/25

Husch Blackwell LLP on

On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was enacted. Several provisions of the OBBBA will impact renewable energy projects and the tax credits generated by such projects. Such provisions include the...more

Womble Bond Dickinson

OBBBA’s Ripple Effect: Strategic Implications for the Data Center Sector

Womble Bond Dickinson on

The enactment of the One Big Beautiful Bill Act (“OBBBA”) on July 4, 2025 introduced major legal and regulatory changes across various sectors. ...more

Baker Donelson

The IRS Sets New "Beginning Construction" Guidance for Wind and Solar Projects Seeking Tax Credits

Baker Donelson on

In a decision that could make it challenging for wind and solar projects to qualify for the federal Investment Tax Credit (ITC) and Production Tax Credit (PTC), the Internal Revenue Service (IRS) released Notice 2025-42 on...more

Holland & Knight LLP

Beginning of Construction for Solar and Wind Facilities: What's Changed?

Holland & Knight LLP on

The IRS on Aug. 15, 2025, released Notice 2025-42, which provides guidance on how taxpayers can establish the "beginning of construction" (BOC) of a wind or solar facility for purposes of determining whether such facility is...more

Hogan Lovells

U.S. Treasury releases New Beginning of Construction guidance on clean energy tax credits

Hogan Lovells on

With an effective date of September 2, 2025, New Beginning of Construction guidance will be prospective and not apply to projects that satisfied beginning of construction under old IRS guidance before September 2, 2025. ...more

Jackson Walker

Understanding “Beginning of Construction” and the Phase-Out of Tax Credits for Wind and Solar Projects

Jackson Walker on

The One Big Beautiful Bill Act, enacted on July 4, 2025, imposed new restrictions on the availability of the Investment Tax Credit (ITC) and Production Tax Credit (PTC) for wind and solar projects under Code Sections 45Y and...more

K&L Gates LLP

IRS Notice 2025-42: What Renewable Developers Need to Know on Beginning of Construction Rules

K&L Gates LLP on

On 15 August 2025 the Internal Revenue Service (IRS) released Notice 2025-42 (the Notice), which restricts the methods that developers of wind and solar projects can use to determine whether they have begun construction for...more

Mayer Brown

IRS Releases Updated OBBBA-Related Energy Credit Guidance

Mayer Brown on

On August 15, 2025, the US Department of the Treasury and the Internal Revenue Service (the “IRS”) issued Notice 2025-42 (the “August 2025 Notice”), providing critical guidance on the determination of when construction begins...more

A&O Shearman

Highlights of the New Sections 45Y and 48E Wind and Solar Beginning-of-Construction Guidance

A&O Shearman on

On July 4, 2025, Public Law 119-21, commonly known as the One Big Beautiful Bill Act (the “OBBBA”), became law and enacted significant changes to various renewable energy incentives, including the clean electricity production...more

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