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Tax Incentives Infrastructure

Vorys, Sater, Seymour and Pease LLP

Ohio Reduces Property Tax on Utilities; Encourages Infrastructure Development

Ohio Governor DeWine recently signed Substitute House Bill 15 (HB 15) which will become the law effective August 14, 2025. HB 15 contains many reforms related to public utilities including: (1) tax changes favorable to select...more

Kohrman Jackson & Krantz LLP

Ohio: A Rising Hub for Data Centers and Technological Growth

Ohio has emerged as a key player in the Midwest’s economic development, particularly in the realms of technology and infrastructure. A standout feature of the state’s growth is the rise of data centers, which have become...more

Clark Hill PLC

Tax Incentives for Taxpayers, Promoting Innovation and Dual Training Programs

Clark Hill PLC on

On Jan. 21, the “Executive order that grants tax incentives to support the national strategy called “Plan Mexico” to encourage new investments, dual training programs, and promote innovation” (the “Decree”) was published in...more

Venable LLP

Going Nuclear: Recent Policy and Market Developments Point to a Nuclear Power Renaissance

Venable LLP on

In the face of ever-increasing electricity supply demands across the country, the future is looking very bright for the nuclear energy industry. We review below recent policy and market developments that can inform what lies...more

Baker Donelson

Grappling with Safe Battery Handling and End-of-Life Concerns in the EV Revolution

Baker Donelson on

Safe handling of electric vehicle (EV) batteries is in the forefront of the news this hurricane season due to the increased risk of battery fires following saltwater intrusion from storm surges, and states are beginning to...more

BCLP

Beyond the £22BN Pledge: What the UK Needs to Do to Develop Its Carbon Capture, Usage and Storage Industry

BCLP on

Last week, the UK Government pledged £22 billion towards the development of the carbon capture, usage and storage (CCUS) industry in the UK. This is a significant step towards achieving net-zero emissions by 2050. ...more

ASKramer Law

Energy Tax Credits For A New World Part III: Overview of Bonus Credits

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Why did the Inflation Reduction Act (IRA) reduce the base amounts of the energy tax credits? The IRA reduced base credit amounts from their pre-IRA levels to encourage energy projects to meet Congressional policy objectives....more

Mayer Brown

Argentina Passes Sweeping Economic Reforms: Deregulation, Privatizations, and Promotion of Private Investments in Large Projects

Mayer Brown on

On June 27, 2024, the Argentine Congress passed Argentine Law No. 27,742, translated in English as the “Bases and starting points for the liberty of the Argentine people” and commonly referred to in Spanish as the “Ley...more

Mayer Brown

Senado aprova projeto de lei que cria diversos incentivos fiscais para produção de fertilizantes

Mayer Brown on

No dia 6 de março, a Comissão de Agricultura (CRA) aprovou o Projeto de Lei nº 699/23 (PL 699/2023), que propõe a instituição do Programa de Desenvolvimento da Indústria de Fertilizantes (PROFERT). De acordo com o PL...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

Akerman LLP

NYC Department of Finance Accepting FY 2024-2025 ICIP and ICAP Renewals Until January 5, 2024

Akerman LLP on

The New York City Department of Finance requires that properties receiving benefits under the Industrial Commercial Incentive Program (ICIP) file a Certificate of Continuing Use (CCU) to renew the real estate benefits for the...more

Foley & Lardner LLP

Opportunity Zones: Should Your Startup Make One Its Home?

Foley & Lardner LLP on

A Qualified Opportunity Zone (QOZ) is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. The U.S. federal government created this tax...more

Akerman LLP

Pre-Applications for NYC's New M-CORE Program Available on June 8, 2023

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The New York City Economic Development Corporation (NYCEDC) and the New York City Industrial Development Agency (IDA) created the New Manhattan Commercial Revitalization (M-CORE) Program with the goal of supporting...more

Kohrman Jackson & Krantz LLP

Ohio House Bill 501 Expands the Possibilities for Townships Use of TIF and PILOT Incentives

Recently enacted Ohio House Bill 501 (HB 501) expands options for townships desiring to create a tax increment financing (TIF) incentives agreement. Under the HB 501, a township may create a TIF and use payments in lieu of...more

Cadwalader, Wickersham & Taft LLP

New York Congressional Delegates Urge Governor Hochul to Include Additional Clean Energy Provisions in Executive Budget

Several members of the New York congressional delegation have written a letter urging Governor Kathy Hochul to amend her fiscal year 2024 budget to incorporate certain elements of the New York Build Public Renewables Act...more

Polsinelli

Hydrocarbon Tax Policy Trends

Polsinelli on

As governments focus on clean energy and carbon reduction initiatives, their oil and gas taxation policies have increasingly come under scrutiny. Polsinelli’s attorneys review a few overarching themes concerning expected...more

Holland & Knight LLP

The Inflation Reduction Act: Provisions and Incentives for Local Governments

Holland & Knight LLP on

President Joe Biden signed the Inflation Reduction Act of 2022 (IRA) into law on Aug. 16, 2022, following its passage along party lines in the U.S. Senate and House of Representatives. The comprehensive legislation is the...more

Mintz - Energy & Sustainability Viewpoints

Update: President Biden Signs Historic Legislation Providing Expansive Clean Energy Tax Incentives

On August 16, 2022, President Biden signed the “Inflation Reduction Act of 2022” (the “Act”), which includes the largest single investment in clean energy in United States history. The Act extends and expands existing tax...more

Mayer Brown

The Green Energy Tax Incentives of the Inflation Reduction Act of 2022

Mayer Brown on

Last Wednesday night, after weeks of negotiations, US Senators Joe Manchin and Chuck Schumer reached a deal on an energy and healthcare bill titled the Inflation Reduction Act of 2022 (the “Act”). The Act includes extensive...more

Mayer Brown

Manchin’s BBB Redux-tion Act – The Inflation Reduction Act of 2022

Mayer Brown on

This week, after weeks of negotiations, Senators Manchin and Schumer reached a deal on an energy and healthcare bill titled the Inflation Reduction Act of 2022 (the “Act”).  The Act includes extensive provisions relating to a...more

Clark Hill PLC

Clark Hill 2022 Automotive & Manufacturing Industry Outlook: EV Infrastructure And Government Relations

Clark Hill PLC on

Increasing electric vehicle adoption has been a priority for the Biden administration. Early in his presidency, President Joe Biden set a goal of 50% of new vehicle sales be electric by 2030. The American Jobs Plan did not...more

Mayer Brown

US House Ways and Means Committee Proposes Substantial Green Energy Support

Mayer Brown on

On the night of September 10, 2021, the House Ways and Means Committee (the “Committee”) released legislative text covering a range of green energy tax incentives (the “Bill”) that it hopes will be enacted through the budget...more

Mayer Brown

Recent Legislative Proposals Could Drastically Change US Energy Taxation

Mayer Brown on

Over the past number of weeks, a variety of legislative proposals, from both sides of the aisle, have been released that, if enacted, could drastically impact the US energy industry and, in many cases, the taxation of energy...more

Mayer Brown

Recent Legislative Proposals Could Drastically Change US Energy Taxation

Mayer Brown on

Over the past number of weeks, a variety of legislative proposals, from both sides of the aisle, have been released that, if enacted, could drastically impact the US energy industry and, in many cases, the taxation of energy...more

Partridge Snow & Hahn LLP

President Biden's Proposed Infrastructure Plan Includes Business Tax Provisions to Incentivize Infrastructure Investments and Fund...

On Wednesday, March 31st, President Biden released a summary of his administration’s proposed The American Jobs Plan (the “TAJP”). TAJP is a $2 trillion proposal focusing on public domestic infrastructure investments. To help...more

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