A second Trump administration is expected to prioritize “energy dominance,” focusing on expanding oil and gas, reducing regulations, and increasing drilling, especially with Republican-led committees in Congress likely...more
The Section 30C Alternative Fuel Vehicle Refueling Property Credit (the “Section 30C Credit”) provides a credit against federal income tax for eligible costs of qualified alternative fuel vehicle refueling property. The...more
Welcome to The On-Ramp, the newsletter published by Venable's Autonomous and Connected Mobility Team. The On-Ramp explores legal and policy developments in the world of autonomous and connected vehicles, smart infrastructure,...more
The U.S. Department of the Treasury and IRS on Sept. 19, 2024, released proposed regulations under Section 30C of the Internal Revenue Code providing important clarity on the changes made by the Inflation Reduction Act (IRA)....more
The Alternative Fuel Vehicle Refueling Property Credit available under Section 30C of the U.S. Internal Revenue Code of 1986, as amended (the “Code” and such credit, the “Section 30C Credit”), was originally enacted by the...more
The U.S. Department of the Treasury and IRS on Sept. 18, 2024, released proposed regulations under Section 30C of the Internal Revenue Code regarding the Alternative Fuel Vehicle Refueling Property Credit. The proposed...more
Eyes on Energy Tax Update is a regular publication of the Holland & Knight Renewable and Alternative Energy Tax Team that provides highlights of important developments. The Renewable and Alternative Energy Tax Team also...more
On April 25, 2024, the U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations regarding the transfer of energy tax credits under the Inflation Reduction Act of 2022 (IRA)....more
The Indiana Department of Transportation (INDOT) announced a first round of 39 awards for its Charging the Crossroads program on March 28, 2024. The program utilizes funding under the National Electrical Vehicle...more
In recent years, the Australian federal government has committed, at both the domestic and international levels, to ambitious renewable energy targets. Australia’s hydrogen sector is positioning itself to play an increasingly...more
The U.S. Department of the Treasury and IRS on Jan. 19, 2024, released Notice 2024-20, stating their intent to issue proposed regulations regarding the Alternative Fuel Vehicle Refueling Property Credit under Section 30C of...more
The U.S. Department of the Treasury on Nov. 17, 2023, issued proposed regulations (Proposed Regulations) regarding the investment tax credit (ITC) under Section 48 of the Internal Revenue Code (Code) that, following passage...more
By now, you are likely aware that the federal government is making the largest investment in climate and energy improvements in American history, known as the Inflation Reduction Act (IRA). The IRA allocates funding to...more
Welcome to Green Tax, Vol. 2. Each quarter we will provide a recap of some of the important energy tax issues of the last quarter, including court rulings, IRS rulings and guidance, legislative activity, and more. ...more
On August 10, 2021, the United States Senate passed the much anticipated bipartisan infrastructure bill. While not yet law, the bill now advances to the House of Representatives for further consideration. The House of...more
Find out why knowing the difference between renewable diesel and biodiesel can go a long way in understanding the benefits of each....more
The United States Court of Appeals for the Seventh Circuit (“Seventh Circuit”) addressed in a June 29th Opinion the scope of the alternative fuel mixtures (“AFM”) federal tax credit. See U.S. Venture, Inc., v. United States...more
Earlier this week, a group of cross-party US senators introduced the Securing America’s Clean Fuels Infrastructure Act (the Act) to promote investments in clean vehicle infrastructure. The types of infrastructure supported by...more
With interest and investment in electric vehicle (EV) technology increasing steadily, it is important for original equipment manufacturers, suppliers, dealers, and consumers to be aware of federal and state incentives...more
Three trade associations representing the United States retail motor fuel community sent a January 27th letter to Biden Administration officials outlining what they believe are “key principles” for the advancement of...more
Congress is moving rapidly towards passing the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Extenders Bill) as part of the Consolidated Appropriations Act, 2021. If enacted, the Extenders Bill would extend certain...more
Holland & Knight invites you to read the Fall 2020 issue of our Energy and Natural Resources Quarterly newsletter, in which our authors discuss important hot topics and developments in energy, natural resources and...more
In Short The Situation: The European Commission ("EC") recently unveiled its dual strategy plans to transform Europe's energy system. The European Union's ("EU") Energy System Integration Strategy and Hydrogen Strategy aim at...more
Join us virtually for a must-attend event for government and industry professionals involved in Northern resource development. Connect with key northern stakeholders for crucial insight on the future of Arctic activity, and...more
El pasado 10 de junio, el Ministerio de Hacienda y Crédito Público expidió el Decreto 829, en el cual se establecieron reglas y condiciones que deberán cumplirse para acceder a los beneficios tributarios previstos en los...more