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Clean Energy Tax Reform Energy Policy

Buchalter

Key Tax Changes in Public Law 119-21: What Individuals and Businesses Need to Know

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On July 4, 2025, the President signed into law Public Law 119-21 (the “Act”). For individuals, the Act makes the tax rate cuts of the 2017 Tax Cuts and Jobs Act (“2017 TCJA”) permanent, and modifies and introduces additional...more

Morgan Lewis

The Impact of the ‘One Big Beautiful Bill Act’ on Nuclear Tax Incentives

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The One Big Beautiful Bill Act alters the landscape of nuclear energy tax incentives, with significant implications for nuclear developers, investors, and stakeholders. This LawFlash breaks down how the bill may affect...more

Husch Blackwell LLP

Understanding the OBBBA’s FEOC Framework

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The One Big Beautiful Bill Act (OBBBA), signed into law by President Donald Trump on July 4, 2025, provides for enhanced restrictions on entities claiming many of the renewable energy credits established under the Inflation...more

Brownstein Hyatt Farber Schreck

Taxation & Representation, July 2025

Trump Signs OBBBA Into Law: On July 4, 2025, President Trump signed H.R. 1, the One, Big, Beautiful Bill Act (OBBBA), into law, codified as Public Law 119-21. The tax title of the legislation makes several provisions from the...more

Miller Canfield

One Big Beautiful Bill: Effect on Energy Credits

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The One Big Beautiful Bill Act (“OBBB”), which was signed by President Donald Trump on July 4, 2025, revokes or curtails the majority of energy credits and significantly curtails other credits. ...more

Beveridge & Diamond PC

The One Big Beautiful Bill Act Is Very Ugly for Wind and Solar

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On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, significantly revising the U.S. tax code to reflect the Administration’s domestic energy, trade, and national security priorities. Among...more

A&O Shearman

Impact of the One Big Beautiful Bill Act on Inflation Reduction Act Incentives

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On July 4, 2025, President Trump signed into law “An Act to provide for reconciliation pursuant to title II of H. Con. Re. 14” (commonly known as the One Big Beautiful Bill Act (the “Act”)). On July 7, President Trump...more

Williams Mullen

The One, Big, Beautiful Bill Amends Renewable Energy Tax Credits - Summary of Key Changes

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On July 4, 2025, President Trump signed H.R. 1 -- The One, Big, Beautiful Bill Act (the “Act”) into law. The Act makes significant changes to the clean energy tax credits previously available under the Inflation Reduction Act...more

Jones Day

The One Big Beautiful Bill Becomes Law: Impact on Clean Energy Tax Credits

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The One Big Beautiful Bill Act modifies the requirements for clean energy tax credits....more

Baker Donelson

One Big Beautiful Bill Act: Estate and Energy Tax Overhaul

Baker Donelson on

On July 3, 2025, Congress passed the "One Big Beautiful Bill Act" (the Act), which makes permanent certain provisions of 2017's Tax Cuts and Jobs Act (the 2017 TCJA) that would have expired this year and introduces...more

McGuireWoods LLP

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

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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

Vinson & Elkins LLP

One Big Beautiful Bill Signed into Law – Impact on IRA Tax Credits

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On July 4, 2025, President Trump signed the “One Big Beautiful Bill Act” (H.R. 1 119th Congress) (“OBBB”) into law. OBBB made changes to various tax provisions – including tax rates, modification of treatment of state and...more

White & Case LLP

New Law Changes IRA Tax Credits

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This is an updated version of the alert published on July 3. Update: The President of the United States has signed into law the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") on July 4, 2025. Update:...more

Davis Wright Tremaine LLP

"One Big Beautiful Bill" Passes House and Senate

Earlier today, the House passed President Trump's sweeping tax and spending legislation after overcoming resistance from some Republican members. A revised version of the legislation narrowly passed the Senate on July 1 in a...more

DarrowEverett LLP

What the One Big Beautiful Bill Means for Businesses, Individuals

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The One Big Beautiful Bill Act, which was signed by President Donald Trump on Friday afternoon, carries significant implications for businesses and individuals alike—including key changes to solar and clean energy incentives,...more

Brownstein Hyatt Farber Schreck

Taxation & Representation, June 2025 #3

Senate Finance Tax Title Goes Through ‘Byrd Bath’: Senate Parliamentarian Elizabeth McDonough has initiated the Byrd Bath process for the Senate Finance Committee’s (SFC) tax title within the reconciliation package. Senate...more

White & Case LLP

Amendments to IRA Tax Credits in Congressional Budget Bill

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Update: The House of Representatives passed (by a vote of 218-214) the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") on July 3, 2025. The bill now goes to the President for signature....more

Husch Blackwell LLP

Energy Tax Credit Framework Undergoes Further Changes in Senate-Approved Version of OBBB Act

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On July 1, 2025, the U.S. Senate passed its version of The One Big Beautiful Bill (OBBB) Act, the massive budget bill that contains significant provisions affecting tax credits for renewable energy project development. After...more

Brownstein Hyatt Farber Schreck

Taxation & Representation, June 2025 #2

The Senate Republicans continue to meet internally and with stakeholders regarding the provisions of a reconciliation package (H.R. 1). Senate Majority Leader John Thune (R-SD) made it clear that the Senate will make...more

White & Case LLP

Amendments to IRA Tax Credits in the Senate Budget Bill

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On July 1, 2025, the Senate passed (by a vote of 51-50) its version of the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") containing numerous tax reform provisions. Below are our summaries of the...more

Jenner & Block

Client Alert: US Tax Legislation

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The US House and Senate are negotiating toward a July 4, 2025 deadline for the next massive US tax legislation. Current proposals are designed to continue many of the business-friendly provisions of President Trump’s 2017 tax...more

Morgan Lewis

One Big Beautiful Bill Act Tax Proposals: Select Highlights and Implications

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The US House of Representatives on May 22, 2025 passed the One Big Beautiful Bill Act (the Act), which includes a tax package that would extend certain provisions of the 2017 Tax Cuts and Jobs Act set to expire at the end of...more

Cozen O'Connor

Cozen Currents: The Certainty and Uncertainty of Trump Walking It Back

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“While the financial markets have become comfortable with dismissing the tail risks associated with the president’s boldest policy proposals, President Trump has successfully enacted ambitious policy proposals, albeit perhaps...more

Mintz - Energy & Sustainability Viewpoints

Energy & Sustainability Washington Update — June 2025

In a pivotal month for energy and fiscal policy, House Republicans advanced their sweeping reconciliation package, narrowly passing the bill on May 22 by a 215-214 vote. The legislation aims to make permanent the expiring tax...more

Wilson Sonsini Goodrich & Rosati

The One Big Beautiful Bill: Extending the TCJA and Curtailing the IRA

On May 22, 2025, the U.S. House of Representatives approved H.R. 1, also known as the “One Big Beautiful Bill Act” (the House Bill).1 The House Bill will next be considered by the U.S. Senate. The House Bill includes a number...more

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