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Tax Credits Tax Planning Energy Tax Incentives

Flaster Greenberg PC

IRS Issues New Guidance For Renewable Energy Tax Credits

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The IRS continues to issue guidelines regarding the tax credit provisions of Sections 45Y and 48E of the Internal Revenue Code, as amended (IRC). The latest notice was issued as Notice 2025-42 on Aug. 15, 2025 (Notice)...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

DarrowEverett LLP

What the One Big Beautiful Bill Means for Businesses, Individuals

DarrowEverett LLP on

The One Big Beautiful Bill Act, which was signed by President Donald Trump on Friday afternoon, carries significant implications for businesses and individuals alike—including key changes to solar and clean energy incentives,...more

Mintz - Tax Viewpoints

Senate Finance Committee’s Take on the One Big Beautiful Bill Act

Mintz - Tax Viewpoints on

Following our prior alert on the House Ways & Means Committee version of the One Big Beautiful Bill Act (“OBBBA”), the House passed its version of the OBBBA (“House Bill”) on May 22, 2025, and on June 17, 2025 the Senate...more

Holland & Knight LLP

IRS Issues Updates for Energy Community Bonus Tax Credit

Holland & Knight LLP on

The IRS released additional guidance on June 23, 2025, in the form of Notice 2025-31 (Notice) regarding the energy community bonus credit under Sections 45, 48, 45Y and 48E of the Internal Revenue Code. The Notice follows...more

McGuireWoods LLP

Amended House Bill Would Eliminate ITC and PTC for New Renewable Projects

McGuireWoods LLP on

On May 22, 2025, the House passed an amended version of the “One, Big, Beautiful Bill,” which would make the investment tax credit (ITC) under Section 48E and production tax credit (PTC) under Section 45Y unavailable for...more

Potomac Law Group, PLLC

5 Ways to Mitigate Challenges to the IRA Energy Tax Credits in 2025

This Tax Alert is the second in a series of monthly alerts that I will issue to discuss tax legislation in 2025 and the outlook for the Inflation Reduction Act (IRA) renewable energy tax incentives. You can find the first Tax...more

Vinson & Elkins LLP

House Ways and Means Committee Approves Markup of Reconciliation Bill

Vinson & Elkins LLP on

Early this morning, the House Ways and Means Committee (the “Ways and Means Committee”) approved its recently proposed markup of H.R. Con. Res. 14, 119th Cong. (2025) (the “Reconciliation Bill”). Among many other items, this...more

Bracewell LLP

Treasury Department and IRS Release Final Regulations for Section 45V Clean Hydrogen Production Tax Credit

Bracewell LLP on

On January 3, 2025, the Treasury Department and the Internal Revenue Service issued final regulations under Internal Revenue Code (Code) Section 45V (the Final Regulations) with respect to credits for the production of clean...more

McDermott Will & Schulte

Weekly IRS Roundup October 7 – October 11, 2024

McDermott Will & Schulte on

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 7, 2024 – October 11, 2024. ...more

McDermott Will & Schulte

Weekly IRS Roundup May 6 – May 10, 2024

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 6, 2024 – May 10, 2024. ...more

Mayer Brown

Final Regulations Issued on Direct-Pay Elections and Transfer of Tax Credits

Mayer Brown on

On April 25, 2024, the US Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued final regulations (T.D. 9993) (the “final regulations under section 6418”) concerning the election to transfer...more

McDermott Will & Schulte

Weekly IRS Roundup April 22 – April 26, 2024

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 22, 2024 – April 26, 2024. ...more

McDermott Will & Schulte

[Event] Tax Symposium 2024 - May 14th - 15th, Chicago, IL

Discover the latest global developments and planning opportunities to stay ahead of the curve at McDermott’s Tax Symposium 2024. Join us in Chicago for a full day of programming designed to equip corporate tax leaders with...more

McDermott Will & Schulte

Weekly IRS Roundup February 5 – February 9, 2024

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 5, 2024 – February 9, 2024. ...more

McDermott Will & Schulte

Weekly IRS Roundup November 27 – December 1, 2023

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of November 27, 2023 – December 1, 2023....more

Morgan Lewis

Inflation Reduction Act Guidance Anticipated on Direct Payment for Energy Credits

Morgan Lewis on

The Inflation Reduction Act of 2022 opened up many energy credit opportunities for tax-exempt organizations. Further guidance on the credit regime is anticipated in the coming months, which should help organizations determine...more

Brownstein Hyatt Farber Schreck

House Passes Amended GOP Debt-Ceiling Proposal, Targets IRA Energy Tax Incentives

On Wednesday, April 26, the House of Representatives voted to pass the GOP proposal to avert the impending government default—the Limit, Save, Grow (LSG) Act. The measure was advanced by a margin of 217-215, with four...more

Perkins Coie

IRS Issues Fact Sheet for New Federal Clean Vehicle Tax Credits

Perkins Coie on

The Internal Revenue Service (IRS) published a fact sheet on December 29, 2022, clarifying changes in federal clean vehicle tax credits enacted through the Inflation Reduction Act (IRA) in August 2022. Through a detailed...more

A&O Shearman

Carbon Capture, Use, and Sequestration (CCUS) Webinar

A&O Shearman on

This webinar featured a case study approach to a CCUS project to identify the key commercial arrangements and risk pressure points that sponsors, tax equity and cash equity investors, and lenders evaluate in connection with...more

A&O Shearman

[Webinar] Carbon Capture, Use, and Sequestration (CCUS) - May 12th, 11:00 am ET

A&O Shearman on

This webinar uses a case study approach to a CCUS project to identify the key commercial arrangements and risk pressure points that sponsors, tax equity and cash equity investors, and lenders evaluate in connection with...more

McDermott Will & Schulte

2019 Extension of Renewable Energy Incentives

McDermott Will & Schulte on

On December 20, 2019, President Donald Trump signed into law the Further Consolidated Appropriations Act, 2020 (H.R. 1865), which included welcomed extensions for a number of energy tax incentives. The legislation includes...more

Mayer Brown

Maryland’s Energy Storage Tax Credit Turns Two

Mayer Brown on

As previously discussed on this blog, Maryland, in 2017, become the first state in the county to offer an income tax credit for energy storage systems and, to our knowledge, as of 2019, it remains the only state to do so....more

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