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
On July 3, 2025, the House approved the Senate’s legislative text (the “Senate Legislative Version”) for the budget reconciliation bill (H.R. 1, the “One Big Beautiful Bill Act”) without any changes. Thus, the final...more
On June 16, 2025, the US Senate Committee on Finance released its legislative text (the “Senate Finance Committee version”) for the tax provisions of the “One Big Beautiful Bill,” the budget reconciliation bill currently...more
On December 4, 2024, the US Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued final regulations, TD 10015, (the “Final Regulations”), which provide guidance on the definition of energy...more
On June 18, 2024, the US Internal Revenue Service (“IRS”) and Department of the Treasury (“Treasury”) issued final regulations (“Final Regulations”) establishing rules for taxpayers intending to satisfy the prevailing wage...more
6/27/2024
/ Apprenticeships ,
Energy Projects ,
Final Rules ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
IRS ,
Prevailing Wages ,
Production Tax Credit ,
Tax Credits ,
U.S. Treasury ,
Wage and Hour
On May 12, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released a notice of intent to issue proposed regulations on the domestic content bonus credit for certain clean energy...more
On April 4, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released a notice of intent to issue proposed regulations on qualifying for the energy community bonus credit under Sections...more
4/7/2023
/ Income Taxes ,
Infrastructure ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Production Tax Credit ,
Proposed Regulation ,
Regulatory Agenda ,
Tax Credits ,
Tax Reform ,
U.S. Treasury
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
8/4/2022
/ Energy Policy ,
Energy Projects ,
Energy Reform ,
Green Energy ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Production Tax Credit ,
Proposed Legislation ,
Renewable Energy ,
Tax Incentives
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
7/29/2022
/ Corporate Taxes ,
Energy Reform ,
Green Energy ,
Income Taxes ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Production Tax Credit ,
Proposed Legislation ,
Regulatory Agenda ,
Solar Energy ,
Tax Incentives
In less than a week, the Rules Committee of the US House of Representatives (the “Rules Committee”) released two versions of modified legislative text of H.R. 5376, the Build Back Better Act. The first version was released on...more
11/12/2021
/ Alternative Minimum Tax ,
Biden Administration ,
Carbon Emissions ,
Clean Energy ,
Corporate Taxes ,
Electric Vehicles ,
Energy Storage ,
Federal Budget ,
Hydrogen Power ,
Investment Tax Credits ,
Net Zero ,
Nuclear Power ,
Pending Legislation ,
Production Tax Credit ,
Regulatory Agenda ,
Renewable Energy ,
Tax Reform
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
9/14/2021
/ Energy Policy ,
Energy Projects ,
Energy Reform ,
Green Energy ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Production Tax Credit ,
Proposed Legislation ,
Renewable Energy ,
Tax Incentives
On May 28, 2021, the Biden administration (the “Administration”) released its FY2022 budget (the “Budget”), which includes proposed investments related to infrastructure, clean energy and research and development. Alongside...more
6/2/2021
/ Air Pollution ,
Biden Administration ,
Corporate Taxes ,
Federal Budget ,
Federal Funding ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Natural Resources ,
Oil & Gas ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Reform ,
Wind Power ,
Zero-Emission Vehicles
The American Jobs Plan -
On March 31, 2021, the Biden administration released the American Jobs Plan (the “Infrastructure Plan”), which is a proposal that, if ultimately enacted, aims to modernize outdated infrastructure,...more
4/6/2021
/ Biden Administration ,
Carbon Capture and Sequestration ,
Climate Change ,
Electric Vehicles ,
Energy Policy ,
Infrastructure ,
Investment Tax Credits ,
Oil & Gas ,
Orphan Wells ,
Power Grid ,
Production Tax Credit ,
Tax Reform
The second US stimulus bill, signed on December 27, 2020, (the “Relief Bill”) includes a number of measures relevant to the energy and power sectors, many of which have been the subject of considerable attention. (For...more
3/3/2021
/ Coronavirus/COVID-19 ,
Energy Policy ,
Energy Projects ,
Energy Tax Incentives ,
Financial Stimulus ,
Infectious Diseases ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Relief Measures ,
Renewable Energy ,
Renewable Energy Incentives
On Monday, December 21, 2020, the United States Congress passed a second large stimulus bill (the “Relief Bill”) aimed at curtailing the economic disruptions caused by COVID-19. ...more
1/7/2021
/ Carbon Capture and Sequestration ,
Clean Energy ,
Energy Projects ,
Energy Tax Incentives ,
Investment Tax Credits ,
Production Tax Credit ,
Renewable Energy ,
Renewable Energy Incentives ,
Solar Energy ,
Tax Credits ,
Wind Power
On December 31, 2020, the US Treasury Department and the Internal Revenue Service (the “IRS”) issued Notice 2021-05 (the “Notice”), which provides relief for offshore renewable energy projects and renewable projects...more
1/5/2021
/ Consolidated Appropriations Act (CAA) ,
Energy Projects ,
Energy Tax Incentives ,
Investment Tax Credits ,
IRS ,
Offshore Wind ,
Production Tax Credit ,
Renewable Energy ,
Renewable Energy Incentives ,
Safe Harbors ,
Solar Energy
On Monday, December 21, 2020, the United States Congress passed a second large stimulus bill (the “Relief Bill”) aimed at curtailing the economic disruptions caused by COVID-19. The Relief Bill, among other things, extends...more
Last night, Congressional leaders announced an agreement on a $900 billion COVID relief bill. While the text of the bill has not been released as of this writing, people familiar with the negotiations have indicated that the...more
12/21/2020
/ Biofuel ,
Carbon Capture and Sequestration ,
Coronavirus/COVID-19 ,
Electric Vehicles ,
Energy Projects ,
Energy Tax Incentives ,
Financial Stimulus ,
Infectious Diseases ,
Infrastructure ,
Investment Tax Credits ,
Production Tax Credit ,
Relief Measures ,
Renewable Energy ,
Renewable Energy Incentives ,
Solar Energy ,
Wind Power