News & Analysis as of

Internal Revenue Service New Legislation Clean Energy

The United States Internal Revenue Service is a bureau of the United States Department of the Treasury. The IRS is charged with collecting revenue and enforcing the Internal Revenue Code.  
Jackson Walker

Carbon Oxide Sequestration Tax Credit Changes Under the One Big Beautiful Bill Act

Jackson Walker on

The One Big Beautiful Bill Act (the “OBBBA”) modifies the federal income tax credit for carbon oxide sequestration. Such tax credit, in place since 2008, was previously increased by the Inflation Reduction Act of 2022....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

Baker Botts L.L.P.

The "One Big Beautiful Bill Act" Substantially Alters Clean Energy Tax Landscape

Baker Botts L.L.P. on

On July 4, 2025, the legislation commonly known as the "One Big Beautiful Bill Act" (the “BBBA”) was enacted. The BBBA makes significant changes to the tax credits available under the Inflation Reduction Act of 2022 (the...more

McGuireWoods LLP

Senate and House Pass BBB With Favorable Renewable Energy Credit Provisions, Bill Awaits Trump’s Signature

McGuireWoods LLP on

On July 3, 2025, after a tumultuous week, the Senate and House passed a version of the One Big, Beautiful Bill Act that contains the most favorable renewable energy credit provisions in any iteration of the bill....more

ArentFox Schiff

Key Tax Changes Impacting Businesses in the New Inflation Reduction Act

ArentFox Schiff on

Today, President Joe Biden signed into law the Inflation Reduction Act of 2022 (the “Act”). Although the proposal further restricting the availability of long-term capital gain treatment with respect to carried interests...more

Allen Matkins

Renewable Energy Update - October 2015 #2

Allen Matkins on

Renewable Energy Focus: Governor Brown signs climate-change bill that calls for more renewable energy and energy efficiency: OC Register - Oct 7: California Governor Jerry Brown has signed SB350, an ambitious bill...more

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