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
As previously discussed in our blog Inflation Reduction Act: Wage and Apprenticeship Requirements, the Inflation Reduction Act (the “IRA”) restructured the tax credit system associated with qualified clean energy projects...more
12/30/2022
/ Apprenticeships ,
Construction Project ,
Davis-Bacon Act ,
Employees ,
Energy Projects ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Popular ,
Prevailing Wages ,
Tax Credits ,
Tax Planning ,
U.S. Treasury ,
Wage and Hour
In light of a recent IRS Private Letter Ruling addressing public utility property and loss disallowance rules, here are six key items to be aware of today in tax equity transactions for renewable energy projects owned by...more
On February 19, 2020, the IRS published two guidance documents... of significant legal and commercial importance to the nascent market for carbon capture and sequestration production tax credits set forth in Section 45Q of...more
2/28/2020
/ Carbon Capture and Sequestration ,
Energy Projects ,
Equity Investors ,
Internal Revenue Code (IRC) ,
Investors ,
IRS ,
Market Participants ,
New Guidance ,
Production Tax Credit ,
Tax Credits ,
Wind Power