On May 16, 2024, the Internal Revenue Service (IRS) issued further guidance (Notice 2024-41, the Additional Notice) intended to provide clarity and certainty surrounding the domestic content1 bonus credit by (among other...more
The Treasury Department and Internal Revenue Service (IRS) issued Proposed Regulations for carbon sequestration tax credits—under Section 45Q—addressing recapture risk and the availability of the credit when carbon is...more
6/4/2020
/ Carbon Capture and Sequestration ,
Energy Projects ,
Environmental Protection Agency (EPA) ,
Investment Tax Credits ,
IRS ,
Popular ,
Production Tax Credit ,
Proposed Regulation ,
Renewable Energy ,
Safe Harbors ,
U.S. Treasury
The Internal Revenue Service (IRS) has issued the first round of guidance regarding the tax credit for carbon oxide sequestration under Internal Revenue Code Section 45Q. This guidance is divided between two documents:...more
2/21/2020
/ Carbon Capture and Sequestration ,
Carbon Emissions ,
Energy Projects ,
Greenhouse Gas Emissions ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investors ,
IRS ,
New Guidance ,
Partnerships ,
Popular ,
Revenue Procedures ,
Safe Harbors ,
Tax Credits ,
Tax Planning
Solar developers need not worry that delivery delays caused by the coronavirus outbreak will disrupt investment tax credit (ITC) safe harboring. However, developers should take care to appropriately address any delays, as...more
2/18/2020
/ Coronavirus/COVID-19 ,
Delays ,
Energy Projects ,
Energy Sector ,
Infectious Diseases ,
Investment Tax Credits ,
IRS ,
Renewable Energy ,
Safe Harbors ,
Solar Energy ,
Supply Chain