On July 4, 2025, President Trump signed into law the One, Big, Beautiful Bill Act. The Act includes significant amendments to tax credits originally enacted and/or amended under the Inflation Reduction Act of 2022 (“IRA”)...more
On June 16 the Senate Finance Committee (SFC) released its revised text to the House-passed One Big Beautiful Bill (OBBB). While the SFC version largely follows the House approach in repealing clean vehicle and residential...more
On May 12, 2025, the House Ways and Means Committee reported out a significant tax reconciliation bill, known as the “One, Big, Beautiful Bill.” While the bill aims to extend and enhance several provisions from the 2017 Tax...more
On May 22, 2025 the House of Representatives, by a vote of 215-214 (no Democrats supporting), passed the One Big, Beautiful Bill Act (“OBBB”) which includes manager’s amendment changes from the version passed by the Ways and...more
On May 12, 2025, the House Ways and Means Committee reported out a significant tax reconciliation bill, known as the “One, Big, Beautiful Bill.” While the bill aims to extend and enhance several provisions from the 2017 Tax...more
On May 13, 2025 the House passed the “One Big, Big, Beautiful Bill,” which includes significant cuts to the Inflation Reduction Act (IRA) energy incentives. The changes shorten the duration of or eliminate 17 IRA “green”...more
Final 45V rules provide important clarifications and additional flexibility which will allow many hydrogen producers to claim 45V credits, both for electrolytic and methane-based hydrogen, but also impose new hurdles in...more
First, a quick and brief reminder on the IRA and the monetization techniques. The IRA expanded upon existing energy tax credits (and other tax incentives) and introduced new ones. And critically, the IRA also brought to life...more
The Inflation Reduction Act of 2022 (IRA) was one of the most significant legislative victories of the Biden administration, fostering tens of billions (USD) in planned clean energy investments, much of this yet to be...more
Final 45X rules provide some important clarifications as to what is considered as produced in the U.S. for components and technical elements for certain components such as solar, battery storage, inverters, wind turbines and...more
Newly issued final EV tax credit rules largely stick to proposed rules with some flexibility on graphite through end of ’26, clarifications on FEOC definitions that could be significant. On May 3, 2024 the Department of the...more
On Friday, December 1, 2023, the U.S. Department of Energy (DOE) and U.S. Department of Treasury concurrently released long-anticipated proposals regarding the “Foreign Entity of Concern” (FEOC) exclusion—a key provision...more
Nearly 15 years out from the original enactment of the 45Q tax credit, and a year after the significant expansion of the credit included in the Inflation Reduction Act (“IRA”), we are seeing the expanded 45Q finally starting...more
On Wednesday, June 14, the Department of Treasury and the Internal Revenue Service (IRS) issued proposed regulations (the “Proposed Regulations”) on the Inflation Reduction Act’s (IRA) two new credit delivery mechanisms for...more
The Inflation Reduction Act of 2022 extended the 48C tax credit program, initially enacted in the American Recovery and Reinvestment Act of 2009, and provided an additional $10 billion in credit allocations. In this unusual...more
The Inflation Reduction Act (IRA) was signed into law by President Biden on August 16, 2022. The IRA made major changes to United States rules for electric vehicle (EV) tax credits. The IRA and its implications for...more
The Inflation Reduction Act (IRA) includes a significant expansion of U.S. electric vehicle (EV) tax credits. In contrast to the IRA’s extensions of other preexisting clean energy tax incentives, the IRA’s consumer EV tax...more
In the United States, greenhouse gas emissions derive almost evenly from transportation (27%), electricity (25%) and industrial sources (24%). The Inflation Reduction Act (IRA) has been rightly heralded for enabling an...more
The Inflation Reduction Act (IRA), as passed by the House and Senate, is a major political achievement for the Biden Administration, Senate Majority Leader Chuck Schumer (D-NY), and Democrats of the 117th Congress. This is...more
8/15/2022
/ Biden Administration ,
Clean Energy ,
Electricity ,
Energy Sector ,
Federal Budget ,
Investment Tax Credits ,
Legislative Agendas ,
Popular ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Credits
As we proceed into August, pressure continues to mount for Congress to provide additional relief to Americans impacted by the physical and economic fallout from the pandemic. Chief drivers of the potential stimulus package...more
In a rare display of bipartisanship, both houses of Congress and President Trump were able to come to agreement in the waning hours of the 2019 congressional session to extend government funding for fiscal year 2020. Included...more
1/9/2020
/ Automotive Industry ,
Biodiesel ,
Charging Stations ,
Diesel Fuel ,
Electric Vehicles ,
Energy Policy ,
Federal Funding ,
Geothermal Energy ,
Hydropower ,
Investment Tax Credits ,
Motor Vehicles ,
Natural Resources ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Trump Administration
In a rare display of bipartisanship, after intense last minute negotiations between congressional leadership and the Executive Branch, President Donald Trump signed into law legislation passed last week by Congress to...more
12/23/2019
/ 401k ,
Affordable Care Act ,
Alternative Fuels ,
Biodiesel ,
Cadillac Tax ,
Deregulation ,
Distribution Rules ,
Employee Benefits ,
Federal Funding ,
Health Insurance ,
Individual Retirement Account (IRA) ,
Medical Device Tax ,
Medical Devices ,
New Legislation ,
Regulatory Reform ,
Renewable Energy ,
Repeal ,
Required Minimum Distributions ,
Retirement Plan ,
Tax Benefits ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Extenders ,
Tax Planning ,
Tax Reform ,
Trump Administration
This past week, on 1 December, the Senate voted 51-49 to advance its version of U.S. tax reform legislation. This sets the stage for a conference committee process to occur over the next two weeks, in which the Senate and...more
12/7/2017
/ Alternative Minimum Tax ,
Base Erosion Tax ,
Business Taxes ,
Carried Interest ,
Corporate Taxes ,
Estate Tax ,
Income Taxes ,
International Tax Issues ,
Legislative Agendas ,
Net Operating Losses ,
Pass-Through Entities ,
Payment-In-Kind ,
Proposed Legislation ,
Tax Credits ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration