Under Section 6417 of the Internal Revenue Code (IRC), “applicable entities” and certain electing taxpayers can elect to treat various renewable energy tax credits as payments against tax, essentially making those credits...more
3/19/2024
/ Business Entities ,
Comment Period ,
Internal Revenue Code (IRC) ,
IRS ,
Joint Ownership ,
Partnerships ,
Proposed Regulation ,
Regulatory Agenda ,
Tax Credits ,
Tax Reform ,
Taxation ,
U.S. Treasury
The proposed regulations go beyond the use of the GREET model by requiring the use of “energy attribute certificates” (EACs) to prove eligibility for the credit under section 45V of the Internal Revenue Code (IRC). The use of...more
1/2/2024
/ Clean Energy ,
Department of Energy (DOE) ,
Energy Tax Incentives ,
European Commission ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Proposed Regulation ,
Renewable Energy ,
Tax Credits ,
U.S. Treasury ,
Zero Emission Credits
The proposed regulations add new definitions to clarify what is required under foreign entity of concern (FEOC) compliance.
The Revenue Procedure provides guidance to qualified manufacturers on reporting and other...more
The proposed regulations offer helpful guidance for taxpayers seeking to take advantage of the ITC under IRC section 48.
The proposed regulations add new definitions to clarify the scope of recently added qualifying...more
The proposed regulations adopt the Department of Labor’s published rates for prevailing wages for the relevant type of construction in the geographic location of the project.
The proposed regulations provide additional...more
9/12/2023
/ Apprenticeships ,
Construction Industry ,
Davis-Bacon Act ,
Department of Labor (DOL) ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Penalties ,
Prevailing Wages ,
Proposed Regulation ,
Recordkeeping Requirements ,
Safe Harbors ,
U.S. Treasury