On May 16, 2024, the Department of the Treasury and the IRS announced the release of Notice 2024-41, which clarifies the safe harbor for classification of project components created in Notice 2023-38 and provides a new safe...more
5/22/2024
/ Buy America ,
Clean Energy ,
Energy Projects ,
Energy Tax Incentives ,
Inflation Reduction Act (IRA) ,
Investment ,
Investors ,
IRS ,
Lenders ,
New Guidance ,
Safe Harbors ,
Tax Credits ,
Technology ,
U.S. Treasury ,
Wind Power
The Inflation Reduction Act of 2022 (the “Act”) breathed new life into the tax scheme for renewable energy projects, creating a new base tax credit with a series of adders that can significantly increase viability of projects...more
8/17/2023
/ Capacity Allocation ,
Department of Energy (DOE) ,
Electricity ,
Energy Projects ,
Energy Sector ,
Environmental Justice ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Low Income Housing ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Tribal Lands ,
U.S. Treasury ,
Wind Power
Actor Will Rogers is widely credited with stating that “the only difference between death and taxes is that death doesn’t get worse every time Congress meets.” While most taxpayers fear tax laws changing for the worse, estate...more
5/25/2023
/ Biden Administration ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Gift Tax ,
Green Book ,
Inheritance Tax ,
Internal Revenue Code (IRC) ,
Legislative Agendas ,
Proposed Amendments ,
State and Local Government ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Planning ,
Tax Relief ,
Trusts