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Proposed Legislation › Inflation Reduction Act (IRA) › Internal Revenue Service

Husch Blackwell LLP

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

Husch Blackwell LLP on

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

Alston & Bird

Look Ahead to the Week of March 10: Will Congress Avoid a Government Shutdown?

Alston & Bird on

Both chambers are in session this week, although the House is scheduled to leave early to accommodate the House Democrats’ annual policy retreat.  The focus this week will be on preventing a government shutdown, with federal...more

Pillsbury Winthrop Shaw Pittman LLP

Treasury Department and IRS Issue Proposed Regulations on the Advanced Manufacturing Production Credit under Section 45X of the...

Pillsbury Winthrop Shaw Pittman LLP on

The proposed regulations provide important clarity on the distinction between substantial and superficial modification for purposes of determining eligible components produced by the taxpayer, along with guidance as to...more

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