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Tax Bill Enacted on July 4, 2025 Contains Scaled-back Renewable Energy Provisions

On July 4, 2025, President Donald Trump signed the One Big, Beautiful Bill Act into law, which scales back renewable energy tax provisions. The final bill did, however, contain more favorable renewable energy tax provisions...more

One Big Beautiful Bill Act Provision Would Modify “Endowment Tax” Paid by Certain Private Colleges and Universities

The One Big Beautiful Bill Act (OBBBA), as passed by the House of Representatives on May 22, 2025, contains a provision that would modify the excise tax paid by certain private colleges and universities on net investment...more

House Budget Reconciliation Package Passes By One Vote

On May 22, 2025, the House of Representatives passed H.R. 1, the budget reconciliation package, commonly referred to as “The One, Big, Beautiful Bill” by a vote of 215-214....more

Tax Bill Proposes Phasedowns in ITC and PTC, Limits on Transferability

On May 12, 2025, the House Ways and Means Committee released a draft of the Republican-sponsored 2025 tax bill, which addresses a number of renewable and clean energy tax credit matters previously extended in the Inflation...more

Budget Reconciliation: Using the Current Law vs. Current Policy Baseline

As both chambers of Congress worked to pass their versions of the budget resolution, tax writers on the House Ways and Means Committee and Senate Finance Committee, along with their respective leadership, had to decide...more

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