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Inflation Reduction Act (IRA) Trump Administration Tax Credits

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

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

Eversheds Sutherland (US) LLP

Tax Bytes: Week of July 7, 2025

Welcome to this week’s edition of Tax Bytes. Our team of tax lawyers is actively monitoring for federal and international tax developments and issues of note. Each week we pull together the items we deem most important to...more

Foley & Lardner LLP

ITC and PTC Changes Under the Big Beautiful Bill Act

Foley & Lardner LLP on

President Trump last week signed into law the One Big Beautiful Bill Act (the “Act”). The Act made a number of changes to the clean electricity production credit under Section 45Y of the Internal Revenue Code (the “PTC”), the...more

ArentFox Schiff

Budget and New Executive Order Complicate Solar and Wind Generation Development

ArentFox Schiff on

The “One Big Beautiful Bill Act” — Congress’s budget reconciliation bill signed into law on July 4 — and a new Executive Order (EO) have clarified that solar and wind generation credits included in the Inflation Reduction Act...more

Stoel Rives LLP

Newly Enacted Legislation Makes Significant Tax Changes

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On July 4, 2025, President Trump signed ”An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14” (formerly known as the “One Big Beautiful Bill Act”) (the Act), comprehensive tax reform legislation that...more

Latham & Watkins LLP

One Big Beautiful Bill: New Law Disrupts Clean Energy Investment

Latham & Watkins LLP on

On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (the OBBB), which significantly rolls back many of the core tax incentives that clean energy projects have relied on since the passage of the...more

Akin Gump Strauss Hauer & Feld LLP

Significant Cuts to IRA Clean Energy Tax Credits Included in Enacted Reconciliation Bill

President Trump signed the “One, Big, Beautiful Bill Act” (the “OBBB”) into law on July 4, 2025. Congress passed the legislation using the budget reconciliation process to avoid the 60-vote Senate filibuster. In addition to...more

Wilson Sonsini Goodrich & Rosati

The One Big Beautiful Bill: Tax Provisions Impacting the Energy and Climate Solutions Sector

On July 4, 2025, President Trump signed H.R. 1, also known as the “One Big Beautiful Bill Act” (OBBB) into law. Initially approved by the U.S. House of Representatives on May 22, 2025, as described in our prior alert here,...more

BakerHostetler

Analysis of the 2025 Federal Tax Changes Under the “One Big Beautiful Bill” Legislation

BakerHostetler on

The race to remake portions of the Internal Revenue Code (Code) and to prevent expiration of certain Tax Cuts and Jobs Act (TCJA) provisions reached completion with Legislation signed by President Trump on July 4, 2025....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

McDermott Will & Emery

The One Big Beautiful Bill Act: Navigating clean energy tax credits in a new era

On July 4, 2025, US President Donald Trump signed into law a budget reconciliation bill known as H.R.1: the One Big Beautiful Bill Act (OBBBA). The OBBBA generally accelerated phase-outs to the Inflation Reduction Act of 2022...more

Pierce Atwood LLP

Congress Phases Out Energy Tax Credits

Pierce Atwood LLP on

On July 3, 2025, Congress approved a version of the “One Big Beautiful Bill Act” (the Bill), which significantly impacts the energy tax credits enacted under the Inflation Reduction Act of 2022 (IRA). President Trump held a...more

Eversheds Sutherland (US) LLP

Rolling back renewable energy tax credits: Senate passes One Big Beautiful Bill

On July 1, 2025, the Senate passed One Big Beautiful Bill (OBBB) in a 51-50 vote, with Vice President J.D. Vance casting a tiebreaker vote. Although the House of Representatives previously passed its own version of OBBB (see...more

Hogan Lovells

“One Big Beautiful Bill Act” signed into law: Clean energy credits and new FEOC/ Prohibited Foreign entity rules

Hogan Lovells on

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

Allen Matkins

Renewable Energy Update 7.3.25

Allen Matkins on

The Republican budget megabill, which makes steep cuts to the Inflation Reduction Act’s clean energy tax credits, now heads to President Donald Trump’s desk after passing both houses of Congress. The House passed the Senate’s...more

Mintz - Energy & Sustainability Viewpoints

Energy & Sustainability Washington Update — July 2025

This month’s update brings a flurry of activity in energy-related policy, but the final outcomes will not be known until later in July, or even August. After the House narrowly passed their reconciliation bill in May, the...more

Foley Hoag LLP - Energy & Climate Counsel

EV Roundup - June 2025

The EV industry continues to face federal regulatory and political uncertainty and now, the clock is ticking on the Inflation Reduction Act’s electric vehicle (EV) tax credits and incentives. The recently proposed House and...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: Tax Provisions Impacting the Energy and Climate Solutions Sector

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, and the administration has set a...more

White & Case LLP

Amendments to IRA Tax Credits in the House Budget Bill

White & Case LLP on

On May 22, 2025, the House of Representatives passed (by a vote of 215-214-1) its version of the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") containing numerous tax reform provisions. Below are our...more

Akerman LLP

Trump Tax Bill Passes House: What Clean Energy Stakeholders Need to Know

Akerman LLP on

Early yesterday morning, the House of Representatives passed President Donald Trump’s signature "One Big Beautiful Bill," largely aimed at extending the 2017 tax cuts, by a single vote (215-214). The bill includes huge...more

Mintz - Tax Viewpoints

Tax Reform 2.0 — The One, Big, Beautiful Bill

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On May 12, 2025, the House Ways and Means Committee released the text of the proposed tax legislation titled “The One, Big, Beautiful Bill” (the “Bill”), reflecting President Trump’s and the Republican Party’s legislative...more

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