News & Analysis as of

Tax Credits Tax Equity Partnership

Eversheds Sutherland (US) LLP

The new section 45Q tax credit that companies with carbon oxide emissions should consider

In 2018, Congress revamped a tax credit available under section 45Q of the Internal Revenue Code (IRC) for companies that capture and sequester carbon dioxide (or other carbon oxides). On February 19, 2020, the Internal...more

Morgan Lewis

IRS Releases Critical Guidance on Carbon Capture Tax Credits

Morgan Lewis on

The guidance issued on February 19 by the Internal Revenue Service is the type that the carbon capture and storage industry had sought, and will hopefully open up the market for investment by eliminating tax-related...more

Akin Gump Strauss Hauer & Feld LLP

The Quick (But Not Dirty) Issue No. 2: Deficit Restoration Obligation

A Basic Guide to Renewable Energy Market and Energy Tax Basics - So What’s the Quick (But Not Dirty)? A Deficit Restoration Obligation (DRO) is an obligation by a partner in a partnership to restore a negative balance...more

Holland & Knight LLP

FERC and IRS Diverge on Approaches to Tax Equity Investors

Holland & Knight LLP on

The Internal Revenue Service (IRS) and the Federal Energy Regulatory Commission (FERC) have recently taken different approaches to issues raised by tax equity investors that have invested specifically in renewable energy...more

Mintz - Energy & Sustainability Viewpoints

Trends and Tips – Tax Equity for Mid-Market Energy Projects

Last week’s “Financing Renewable Energy” tax credit conference, by Novogradac and Company, affirmed some market trends that we have seen in recent project finance deals. Perhaps most striking was the slow expansion of small...more

Akin Gump Strauss Hauer & Feld LLP

IRS Revises Historic Tax Credit Revenue Procedure

Revenue Procedure 2014-12 provides a safe harbor for historic tax credit (i.e., the Section 47 rehabilitation tax credit) partnership transactions. On January 8, the IRS issued a revised version of it that provides a...more

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