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Tax Reform Proposed Legislation Energy Policy

Brownstein Hyatt Farber Schreck

Taxation & Representation, June 2025 #3

Senate Finance Tax Title Goes Through ‘Byrd Bath’: Senate Parliamentarian Elizabeth McDonough has initiated the Byrd Bath process for the Senate Finance Committee’s (SFC) tax title within the reconciliation package. Senate...more

Brownstein Hyatt Farber Schreck

Taxation & Representation, June 2025 #2

The Senate Republicans continue to meet internally and with stakeholders regarding the provisions of a reconciliation package (H.R. 1). Senate Majority Leader John Thune (R-SD) made it clear that the Senate will make...more

Brownstein Hyatt Farber Schreck

Taxation & Representation, June 2025

House Passes Reconciliation Package, with Senate Expected to Make Changes: On May 22, the House of Representatives passed H.R. 1, “The One, Big, Beautiful Bill Act,” legislation authorized under the FY 2025 concurrent budget...more

White & Case LLP

Amendments to IRA Tax Credits in the Senate Budget Bill

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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

Jenner & Block

Client Alert: US Tax Legislation

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The US House and Senate are negotiating toward a July 4, 2025 deadline for the next massive US tax legislation. Current proposals are designed to continue many of the business-friendly provisions of President Trump’s 2017 tax...more

Pillsbury Winthrop Shaw Pittman LLP

Status Update: Renewable Energy Tax Credits Under the Big Beautiful Bill

Most tax credits would be subject to early termination dates and phase-outs. The House bill would end the ability to sell tax credits for cash, but the Senate Finance Committee proposal would restore transferability. New...more

Vinson & Elkins LLP

Updates to IRA Tax Benefits Found in Senate Finance Committee Draft of 2025 Reconciliation Bill

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In the afternoon of June 16, 2025, the Senate Finance Committee (“SFC”) released its proposed legislative text of the tax title for the “One Big Beautiful Bill,” H.R. Con. Res. 14, 119th Cong. (2025) (the “Reconciliation...more

Morgan Lewis

One Big Beautiful Bill Act Tax Proposals: Select Highlights and Implications

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The US House of Representatives on May 22, 2025 passed the One Big Beautiful Bill Act (the Act), which includes a tax package that would extend certain provisions of the 2017 Tax Cuts and Jobs Act set to expire at the end of...more

Cozen O'Connor

Cozen Currents: The Certainty and Uncertainty of Trump Walking It Back

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“While the financial markets have become comfortable with dismissing the tail risks associated with the president’s boldest policy proposals, President Trump has successfully enacted ambitious policy proposals, albeit perhaps...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

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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

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

McDermott Will & Schulte

Wichtige Aspekte des Koalitionsvertrags 2025 aus Immobilien- und Steuersicht

Wohnen, Bauen, Klima: Die Wohn- und Klimapolitik im Koalitionsvertrag 2025 - Mit dem Koalitionsvertrag 2025 hat sich die Bundesregierung ehrgeizige Ziele für den Wohnungsbau, das Mietrecht, die kommunale Wohnungspolitik und...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

Husch Blackwell LLP

IRA’s Section 6418 Transferable Credits: Will They Be Expanded to Other Industries?

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Lately, elected representatives on both sides of the aisle have been displaying an appetite for expanding transferable tax credits to a broader variety of industries. This is evidenced by the recent profusion of proposed...more

Husch Blackwell LLP

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

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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

White & Case LLP

Amendments to IRA Tax Credits in the House Ways and Means Budget Bill

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On May 14, 2025, the House Committee on Ways and Means advanced its budget reconciliation bill containing numerous tax reform provisions. Below are our summaries of the proposed amendments to certain tax credits under the...more

Vinson & Elkins LLP

House Ways and Means Committee Approves Markup of Reconciliation Bill

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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

McGuireWoods LLP

Tax Bill Proposes Phasedowns in ITC and PTC, Limits on Transferability

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On May 12, 2025, the House Ways and Means Committee released a draft of the Republican-sponsored 2025 tax bill, which addresses a number of renewable and clean energy tax credit matters previously extended in the Inflation...more

Foley & Lardner LLP

High-Level Overview of certain Provisions Impacting Renewable Energy Incentives in “The One, Big, Beautiful Bill” Draft...

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May 12th, the House Ways and Means Committee released a package of tax provisions (the “Bill”) that includes claw backs of certain provisions of the Inflation Reduction Act. Note that this Bill is a draft only, has not been...more

Pullman & Comley - For What It May Be Worth

Connecticut Uniform Capacity Tax Bills for Solar PV, BESS Heard

Two bills that aim to advance the concept of a uniform capacity tax for solar photovoltaic (PV) systems and battery energy storage systems (BESS) were the subject of a public hearing before the Connecticut General Assembly’s...more

Alston & Bird

Look Ahead to the Week of February 24: House Tackles Budget Resolution, Shutdown Worries Continue

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Both the House and Senate are in session this week. Last week, the Senate took its first step to unlock the budget reconciliation process by adopting its budget resolution on a 52-48 vote. Senate Republicans are preparing to...more

Vinson & Elkins LLP

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

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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

Pierce Atwood LLP

Under The Dome: Inside The Maine State House 5-31-13

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In This Issue: Additional Gubernatorial Vetoes Sustained; Legislative Democrats Unveil Tax Proposal to Close Budget Gap; Tax Reform Proposal Fate Uncertain; Committee Work on Omnibus Energy Bill Complete; Pierce Atwood to...more

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