A few months ago we wrote about Congress utilizing the Inflation Reduction Act of 2022 to offer bonus tax credits to certain energy facilities for meeting specified “domestic content” requirements. Relying heavily on the...more
6/29/2023
/ Buy America ,
Country of Origin ,
Energy Projects ,
Federal Transit Administration ,
Inflation Reduction Act (IRA) ,
Made in the USA ,
Manufacturers ,
New Guidance ,
OEM ,
Qualified Energy Facilities ,
Renewable Energy ,
Tax Credits ,
U.S. Treasury
On February 13, 2023, the Internal Revenue Service (“IRS”) issued its “initial guidance” regarding the Low-Income Communities Bonus Credit Program (the “Program”) established by the Inflation Reduction Act of 2022 (the “IRA”)...more
On August 7, 2022, the Senate passed the Inflation Reduction Act of 2022 (H.R. 5376) (the “Reconciliation Bill”) on a party line vote with the deciding vote cast by the Vice President. The Senate’s passage of the...more
As Congress was completing final negotiations of the stimulus package dealing with the public health and economic impacts of the coronavirus pandemic, several key energy provisions made their way into the 5593-page omnibus...more