Popular, Proposed Legislation, Tax Credits

Senate Finance Committee Tax Title – Summary and Analysis

Brownstein Hyatt Farber Schreck on 7/3/2025

On June 16, Senate Finance Committee Chairman Mike Crapo (R-ID) released text of the committee’s tax title for the Senate’s fiscal year (FY) 2025 budget reconciliation bill. The Finance Committee’s tax title (Title VII) makes...more

Senate Version of One Big Beautiful Bill Act Clarifies Foreign Entity Restrictions on Renewable Energy Tax Credits

Husch Blackwell LLP on 6/25/2025

The Senate Finance Committee recently released its own draft of the “One Big Beautiful Bill Act” (the Bill) previously passed by the House as H.R. 1. Both the House and Senate versions of the Bill impose restrictions on...more

Latest Draft of One Big Beautiful Bill Signals Broad-Based Impacts to Alternative and Clean Energy Initiatives

Greenbaum, Rowe, Smith & Davis LLP on 6/23/2025

On June 16, 2025, the United States Senate Committee on Finance released a reconciliation bill draft of the One Big Beautiful Bill Act, H.R. 1 – 119th Congress (2025-2026), following its passage in the House of...more

UPDATE: Senate Joins House in Targeting Solar and Wind—But Pushes Back on Storage, Geothermal, and Hydropower

Davis Wright Tremaine LLP on 6/19/2025

On June 16, the Senate Finance Committee released its version of the tax provisions of the Reconciliation Bill. Like the House version (H.R. 1) passed on May 22, the Senate version targets solar and wind tax incentives for...more

The One Big Beautiful Bill Proposes to Severely Restrict Clean Energy Tax Incentives

Baker Botts L.L.P. on 6/2/2025

On May 22, 2025, the House passed the legislation entitled “The One Big Beautiful Bill” (the “BBB”) that would, if enacted into law, severely restrict clean energy tax incentives. This client update addresses the BBB’s...more

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

Wilson Sonsini Goodrich & Rosati on 5/29/2025

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

House Bill Accelerates Phaseout of Clean Energy Tax Credits and Restricts Leasing and Transferability

Paul Hastings LLP on 5/27/2025

On May 22, 2025, the U.S. House of Representatives passed House Bill 1, officially titled the “One Big Beautiful Bill Act” (OBBBA). This budget reconciliation bill includes significant energy-related provisions that would...more

Affordable Housing Credit Improvement Act Re-introduced in House of Representatives

Harris Beach Murtha PLLC on 4/11/2025

On April 8, 2025, the federal Affordable Housing Credit Improvement Act (“AHCIA”) was reintroduced in the House with 117 bipartisan co-sponsors from over 30 different states. The bill would expand the Low-Income Housing Tax...more

HR 7024: Low-Income Housing Legislation on the Move

Ballard Spahr LLP on 1/30/2024

On January 19, 2024, the House Ways and Means Committee approved the bipartisan tax legislation, “The Tax Relief For American Families and Workers Act of 2024”. Two proposed changes to Section 42 of the Internal Revenue Code...more

Proposed Changes to the Employee Retention Credit Filing Deadline: H.R. 7024 Would Sunset the ERC on January 31, 2024

Saul Ewing LLP on 1/29/2024

Last week, the House Ways and Means Committee voted to advance the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) to the House floor. As drafted, H.R. 7024 would be funded entirely by limitations on the...more

Key Takeaways for the Energy Industry from the 2023 Texas Legislative Session: What Passed and What Failed

Bradley Arant Boult Cummings LLP on 6/2/2023

Monday, May 29, 2023, marked the official end of the 88th regular session of the Texas Legislature. It was an especially active session for the energy industry, which saw the passage of several bills that, if signed into law...more

Window on Washington – Vol. 6, Issue 34

Clark Hill PLC on 9/14/2022

Outlook for This Week in the Nation’s Capital - Congress. Both the House and Senate are in session this week. The Senate has several lingering priorities in addition to confirmation votes, including a promised vote on...more

Window on Washington – Vol. 6, Issue 31

Clark Hill PLC on 8/9/2022

Outlook for This Week in the Nation’s Capital - Congress. After a busy weekend voting on the reconciliation bill, the Senate is now in recess through Labor Day. The House, in recess since late July, returns this week on...more

House Passes Build Back Better Act, Here’s What Employers Need to Know as It Goes to Senate

Jackson Lewis P.C. on 11/30/2021

The U.S. House of Representatives has passed the Build Back Better Act (BBBA) (H.R. 5376) by a vote of 220–213. Supported by the Biden Administration and congressional Democrats, the controversial bill heads to the Senate for...more

Clean Energy Tax Proposals in Biden’s New “Build Back Better” Framework

Vinson & Elkins LLP on 11/3/2021

Faced with opposition from within his own party, President Biden last week unveiled a new, pared down framework for his “Build Back Better” agenda. Following release of the president’s framework, H.R. 5376 (the “Build Back...more

Captive Insurance Update | Issue No. 1 | 2018 - A summary of state and federal developments in the captive insurance industry

Downs Rachlin Martin PLLC on 4/13/2018

Vermont’s leadership team for captive insurance was remarkably stable in 2017. Governor Phil Scott and Michael Pieciak, the Commissioner of the Department of Financial Regulation (the “DFR”), completed their first full year...more

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