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IRS and Treasury Tighten Beginning-of-Construction Rules for Wind and Solar

On Aug. 15, the U.S. Treasury Department and the Internal Revenue Service (IRS) released IRS Notice 2025-42, narrowing the rules for what qualifies as “beginning of construction” (BOC) under the One Big Beautiful Bill Act...more

‘One Big Beautiful Bill Act’ Signed Into Law and Executive Order With Major Impacts on Clean Energy Tax Credits

On July 4, President Donald Trump signed into law the One Big Beautiful Bill Act (OBBBA), a budget reconciliation package that significantly modifies the clean energy tax credit framework established by the Inflation...more

New Executive Actions Potentially Impact Renewable Energy Projects

Among the wave of executive actions issued upon President Trump taking office again, some executive orders and memorandums may affect portions of the burgeoning renewable energy sector. The renewable energy sector has been...more

Treasury Issues Additional Guidance on Low-Income Community Bonus Credit

On June 1, 2023, the Treasury Department (“Treasury”) issued a notice of proposed rulemaking including proposed rules (the “Proposed Rules”) regarding the “Low-Income Communities Bonus Credit Program” established by the...more

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