News & Analysis as of

Inflation Reduction Act (IRA) Tax Credits One Big Beautiful Bill Act

McGuireWoods LLP

IRS Notice 2025-42 Leaves Beginning of Construction Guidance for Wind and Solar Mostly Unchanged, But Limits 5% Safe Harbor to...

McGuireWoods LLP on

On Aug. 15, 2025, the U.S. Internal Revenue Service issued Notice 2025-42 addressing the beginning of construction for wind and solar facilities under Section 45Y and 48E of the Internal Revenue Code of 1986, as amended. The...more

ArentFox Schiff

A Hard Day’s Night for Renewable Energy Incentives

ArentFox Schiff on

On July 4, President Donald Trump signed into law P.L. 119-21, the “One Big Beautiful Bill Act” (OBBBA), which, among other notable changes to the US tax system, rolls back several renewable energy incentives enacted under...more

White & Case LLP

New Law Changes IRA Tax Credits - Update

White & Case LLP on

This is an updated version of the alert published on July 4. President Trump signed H.R.1, commonly referred to as the "One Big Beautiful Bill Act" (the "Act") into law on July 4, 2025. Below are our summaries of the...more

Kerr Russell

Benefit Plan Implications of OBBBA: Student Loan Repayment, HSAs, and More

Kerr Russell on

The One Big Beautiful Bill Act (OBBBA), finalized and signed into law by President Trump on July 4, 2025, makes several key changes that impact employers, benefit plan sponsors and plan administrators....more

Jones Day

One Big Beautiful Bill Act— Impact on Energy Tax Credits

Jones Day on

The One Big Beautiful Bill Act (the “OBBBA”), which was passed on July 4, 2025, included several changes to the energy tax credits introduced and expanded by the Inflation Reduction Act of 2022 (the “IRA”). The key changes to...more

Jackson Walker

Clean Energy Tax Credit Changes under the One Big Beautiful Bill Act

Jackson Walker on

The One Big Beautiful Bill Act (the “OBBBA”) limits future opportunities for some of the clean energy tax credits previously enacted under the Inflation Reduction Act of 2022 (the “IRA”). During the election campaign...more

Husch Blackwell LLP

Understanding the OBBBA’s FEOC Framework

Husch Blackwell LLP on

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

McCarter & English, LLP

One Big Beautiful Bill Act Tax Law Updates—Energy Sector

On July 4, 2025, President Donald Trump signed into law the One Big Beautiful Bill Act (OBBBA) (P.L. 119-21), which includes a number of tax law changes that directly impact the energy industry. A significant number of the...more

Frost Brown Todd

One Big Beautiful Bill Act Cuts the Power: Phase‑Outs, Foreign‑Entity Restrictions, and Domestic Content in Clean‑Energy Credits

Frost Brown Todd on

On July 4, 2025, President Trump signed H.R. 1—dubbed the One Big Beautiful Bill Act (OBBBA)—enacting significant modifications to clean‑energy credits previously enacted under the Inflation Reduction Act of 2022. OBBBA...more

Mintz - ML Strategies

Update on the One Big Beautiful Bill: Good News and Bad News for DOE LPO

Mintz - ML Strategies on

Right on the heels of our July ML Strategies Energy and Sustainability Update published last week, the Senate and then the House passed the Trump administration’s One Big Beautiful Bill (OBBB) legislation and got it to the...more

Jones Day

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

Jones Day on

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

Levenfeld Pearlstein, LLC

The One Big, Beautiful Bill’s Key Provisions

President Trump signed into law major tax legislation on July 4, 2025. While the bill itself is almost a thousand pages long, below is a bite-size summary of what you need to know about key provisions: Individual Income and...more

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