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Proposed Legislation Inflation Reduction Act (IRA) Energy Projects

White & Case LLP

Amendments to IRA Tax Credits in the Senate Budget Bill

White & Case LLP on

On July 1, 2025, the Senate passed (by a vote of 51-50) its version of the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") containing numerous tax reform provisions. Below are our summaries of the...more

Cadwalader, Wickersham & Taft LLP

Senate Bill Could Keep the Lights On for Energy Tax Credits

Enacted in August 2022, the Inflation Reduction Act (the “IRA”) expanded energy tax credits by increasing credit amounts across the board and broadening eligibility criteria to include new technologies....more

Husch Blackwell LLP

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

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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

Mayer Brown

House Reconciliation Bill Amends Clean Energy Provisions of the IRA

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On May 22, 2025, the House of Representatives passed its reconciliation bill, H.R. 1, entitled “One Big Beautiful Bill Act” (the “legislation”), which significantly amends the clean energy provisions that were enacted as part...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

Cadwalader, Wickersham & Taft LLP

House Budget Proposal Would Drain Power from Energy Tax Credit Sales

Enacted in August 2022, the Inflation Reduction Act (the “IRA”) expanded energy tax credits by increasing credit amounts across the board and broadening eligibility criteria to include new technologies....more

Wilson Sonsini Goodrich & Rosati

The One Big Beautiful Bill: Extending the TCJA and Curtailing the IRA

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. The House Bill includes a number...more

Husch Blackwell LLP

Further Restrictions on IRA Renewable Energy Tax Credits Included in Draft Bill Passed by House

Husch Blackwell LLP on

On May 22, 2025, the U.S. House of Representatives passed a new version of H.R. 1, “The One, Big, Beautiful Bill” that would effectively repeal the Inflation Reduction Act’s (IRA’s) clean energy tax credits almost...more

Paul Hastings LLP

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

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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

Eversheds Sutherland (US) LLP

Tax plan rolls back energy credits

The House of Representatives narrowly passed the One Big Beautiful Bill along party lines. The proposed bill would terminate or otherwise make significant changes to several of the energy tax credits created or expanded by...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

Vinson & Elkins LLP

House Passes 2025 Reconciliation Bill – Further Restricting IRA Tax Benefits

Vinson & Elkins LLP on

After an intense 21-hour House Rules Committee markup, early in the morning of May 22, 2025, the House passed H.R. Con. Res. 14, 119th Cong. (2025) (the “Reconciliation Bill”), which makes significant revisions to the...more

Jones Day

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

Jones Day on

The One, Big, Beautiful Bill would significantly limit tax credits for clean energy and manufacturing introduced or expanded under the Inflation Reduction Act of 2022....more

Husch Blackwell LLP

The Future of IRA Clean Energy Production and Investment Tax Credits Under Draft GOP Tax Legislation

Husch Blackwell LLP on

On May 14, 2025, the Ways & Means Committee of the House of Representatives released much-anticipated draft tax legislation from committee markup. Although tax considerations are only one part of the so-called “Big Beautiful...more

Pierce Atwood LLP

DOE Issues Proposed Rules to Accelerate Permitting and Enable More Rapid Deployment of Interstate Transmission Projects

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On August 10, 2023, the Department of Energy (“DOE”) issued a Notice of Proposed Rule Making (“NOPR”) proposing to establish an integrated Coordinated Interagency Transmission Authorizations Program (“CITAP Program”) that...more

BakerHostetler

Bipartisan Bill Seeks Further Tax Incentives for Carbon Capture and Utilization Projects

BakerHostetler on

On Feb. 28, the Captured Carbon Utilization Parity Act (CCU Parity Act) was introduced by Sen. Sheldon Whitehouse, D-R.I., and Sen. Bill Cassidy, R-La. The CCU Parity Act would increase the tax credit available for carbon...more

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