On April 4, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released a notice of intent to issue proposed regulations on qualifying for the energy community bonus credit under Sections...more
4/7/2023
/ Income Taxes ,
Infrastructure ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Production Tax Credit ,
Proposed Regulation ,
Regulatory Agenda ,
Tax Credits ,
Tax Reform ,
U.S. Treasury
Last Wednesday night, after weeks of negotiations, US Senators Joe Manchin and Chuck Schumer reached a deal on an energy and healthcare bill titled the Inflation Reduction Act of 2022 (the “Act”). The Act includes extensive...more
8/4/2022
/ Energy Policy ,
Energy Projects ,
Energy Reform ,
Green Energy ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Production Tax Credit ,
Proposed Legislation ,
Renewable Energy ,
Tax Incentives
This week, after weeks of negotiations, Senators Manchin and Schumer reached a deal on an energy and healthcare bill titled the Inflation Reduction Act of 2022 (the “Act”). The Act includes extensive provisions relating to a...more
7/29/2022
/ Corporate Taxes ,
Energy Reform ,
Green Energy ,
Income Taxes ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Production Tax Credit ,
Proposed Legislation ,
Regulatory Agenda ,
Solar Energy ,
Tax Incentives
On the night of September 10, 2021, the House Ways and Means Committee (the “Committee”) released legislative text covering a range of green energy tax incentives (the “Bill”) that it hopes will be enacted through the budget...more
9/14/2021
/ Energy Policy ,
Energy Projects ,
Energy Reform ,
Green Energy ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Production Tax Credit ,
Proposed Legislation ,
Renewable Energy ,
Tax Incentives
On May 28, 2021, the Biden administration (the “Administration”) released its FY2022 budget (the “Budget”), which includes proposed investments related to infrastructure, clean energy and research and development. Alongside...more
6/2/2021
/ Air Pollution ,
Biden Administration ,
Corporate Taxes ,
Federal Budget ,
Federal Funding ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Natural Resources ,
Oil & Gas ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Reform ,
Wind Power ,
Zero-Emission Vehicles
Over the past number of weeks, a variety of legislative proposals, from both sides of the aisle, have been released that, if enacted, could drastically impact the US energy industry and, in many cases, the taxation of energy...more
4/28/2021
/ Carbon Emissions ,
Clean Energy ,
Energy Efficiency ,
Energy Policy ,
Fossil Fuel ,
Infrastructure ,
Legislative Agendas ,
Oil & Gas ,
Tax Credits ,
Tax Incentives ,
Tax Liability ,
Transportation Corridor ,
Zero-Emission Vehicles
Over the past number of weeks, a variety of legislative proposals, from both sides of the aisle, have been released that, if enacted, could drastically impact the US energy industry and, in many cases, the taxation of energy...more
4/28/2021
/ Clean Energy ,
Davis-Bacon Act ,
Energy Efficiency ,
Energy Policy ,
Fossil Fuel ,
Fuel Standards ,
Greenhouse Gas Emissions ,
Infrastructure ,
Legislative Agendas ,
Oil & Gas ,
Outer Continental Shelf ,
Pollution Control ,
Prevailing Wages ,
Tax Credits ,
Tax Incentives ,
Tax Planning ,
Zero-Emission Vehicles
The American Jobs Plan -
On March 31, 2021, the Biden administration released the American Jobs Plan (the “Infrastructure Plan”), which is a proposal that, if ultimately enacted, aims to modernize outdated infrastructure,...more
4/6/2021
/ Biden Administration ,
Carbon Capture and Sequestration ,
Climate Change ,
Electric Vehicles ,
Energy Policy ,
Infrastructure ,
Investment Tax Credits ,
Oil & Gas ,
Orphan Wells ,
Power Grid ,
Production Tax Credit ,
Tax Reform
The American Jobs Plan -
On March 31, 2021, the Biden administration released the American Jobs Plan (the “Infrastructure Plan”), which is a proposal that, if ultimately enacted, aims to modernize outdated infrastructure,...more
4/2/2021
/ Biden Administration ,
Clean Energy ,
Corporate Taxes ,
Electric Vehicles ,
Energy Policy ,
Income Taxes ,
Infrastructure ,
Investment ,
Mining ,
Next Generation ,
Oil & Gas ,
Power Infrastructure ,
Tax Credits ,
Tax Planning ,
Tax Reform
The second US stimulus bill, signed on December 27, 2020, (the “Relief Bill”) includes a number of measures relevant to the energy and power sectors, many of which have been the subject of considerable attention. (For...more
3/3/2021
/ Coronavirus/COVID-19 ,
Energy Policy ,
Energy Projects ,
Energy Tax Incentives ,
Financial Stimulus ,
Infectious Diseases ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Relief Measures ,
Renewable Energy ,
Renewable Energy Incentives
On Monday, December 21, 2020, the United States Congress passed a second large stimulus bill (the “Relief Bill”) aimed at curtailing the economic disruptions caused by COVID-19. The Relief Bill, among other things, extends...more
Last night, Congressional leaders announced an agreement on a $900 billion COVID relief bill. While the text of the bill has not been released as of this writing, people familiar with the negotiations have indicated that the...more
12/21/2020
/ Biofuel ,
Carbon Capture and Sequestration ,
Coronavirus/COVID-19 ,
Electric Vehicles ,
Energy Projects ,
Energy Tax Incentives ,
Financial Stimulus ,
Infectious Diseases ,
Infrastructure ,
Investment Tax Credits ,
Production Tax Credit ,
Relief Measures ,
Renewable Energy ,
Renewable Energy Incentives ,
Solar Energy ,
Wind Power