News & Analysis as of

Production Tax Credit Tax Credits Coronavirus/COVID-19

Sheppard Mullin Richter & Hampton LLP

Keep California Rolling: New Bills Poised to Revitalize Production (in Hollywood)

The introduction of Senate Bill 630 and Assembly Bill 1138 aims to provide California with a competitive advantage in its quest to retain and bring back production jobs that are vital to the entertainment industry. The bills...more

Latham & Watkins LLP

COVID-19 Tax Relief Package Extends Renewable Power and Carbon Capture Tax Credits

Latham & Watkins LLP on

Congress extends tax credits for certain renewables, and expands tax credits for offshore wind and waste energy recovery. Key Points: ..Production tax credits for onshore and offshore wind projects are extended at a 60%...more

McDermott Will & Schulte

IRS Extends Deadline for ITC and PTC Projects

The IRS yesterday released anticipated guidance extending the placed-in-service deadline for the Investment Tax Credit (ITC) and Production Tax Credit (PTC). Under Notice 2020-41, the “Continuity Safe Harbor” was extended to...more

Sullivan & Worcester

A Breath of Fresh Air During the Pandemic: Treasury Plans to Extend PTC and ITC Deadlines for Renewables

Sullivan & Worcester on

The U.S. Department of the Treasury ("Treasury") plans to adjust the current safe-harbor guidelines for the federal production tax credit ("PTC") and investment tax credit ("ITC"), providing some certainty and predictability...more

Snell & Wilmer

The COVID-19 Impact on Renewable Energy Projects

Snell & Wilmer on

The COVID-19 pandemic continues to wreak havoc on a host of industries worldwide and the renewable energy market is not exempt. In the U.S., the renewable market is likely to be impacted by supply chain and construction...more

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