On April 30, 2024, the Department of Treasury and IRS issued new SAF tax credit guidance created by the Inflation Reduction Act (IRA). This guidance was developed in consultation with the Environmental Protection Agency...more
Following the long-delayed passage of Fiscal Year (FY) 2024 appropriations funding legislation, the House is moving forward by setting deadlines for FY 2025 programmatic, language and Community Project Funding (CPF) requests....more
In connection with the Inflation Reduction Act (IRA), on December 22, 2023, the Internal Revenue Service (IRS) released a Proposed Regulation related to Section 45V of the Internal Revenue Code.
The Proposed Regulation,...more
The U.S. Department of the Treasury, in conjunction with the Internal Revenue Service (IRS), released updated proposed guidance on the Section 45X Production Tax Credit (PTC). The guidance addresses specific requirements...more
The Department of the Treasury (DOT), through the Internal Revenue Service (IRS) and in consultation with the Department of Energy (DOE), released new draft guidance on Section 48 tax credits, as well as updated guidance in...more
DOE Proposed Guidance -
On December 1, the Biden administration’s Department of Energy released its latest proposed guidance related to the electric vehicle incentive expanded through the Inflation Reduction Act. DOE’s...more
The Inflation Reduction Act (IRA) recently celebrated its first anniversary with some programs becoming increasingly oversubscribed even before the funding is released. One of those programs is the qualifying advanced energy...more
On June 23, 2023, the Department of Commerce (DOC) and the National Institute of Standards and Technology (NIST) announced an expansion to its earlier Notice of Funding Opportunity (NOFO) for Commercial Fabrication Facilities...more
The IRS and Department of Treasury released the long-anticipated Notice of Proposed Rulemaking (NPRM) for ways to monetize tax credits included in the administration’s Inflation Reduction Act (IRA). The proposed rules, which...more
On June 6, the Biden administration revealed its National Clean Hydrogen Strategy and Roadmap, which aims to coordinate public and private sector activities to advance the development and deployment of the clean hydrogen...more
As congressional leaders focus on passing an agreement negotiated over the weekend by the Biden administration and House Speaker Kevin McCarthy that would increase the debt limit through early 2025 and prevent a potential...more
On May 12, 2023, the Economic Development Administration (EDA) released the long-awaited Phase One Notice of Funding Opportunity (NOFO) for the Regional Technology and Innovation Hubs program. Authorized as part of the CHIPS...more
The CHIPS and Science Act, passed into law in mid-2022 by the Biden administration, represents a wholesale change in U.S. industrial policy from the prior administration. The law seeks to reinvigorate domestic research and...more