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Infrastructure › Energy Sector › Internal Revenue Service

ASKramer Law

Energy Tax Credits For A New World Part III: Overview of Bonus Credits

ASKramer Law on

Why did the Inflation Reduction Act (IRA) reduce the base amounts of the energy tax credits? The IRA reduced base credit amounts from their pre-IRA levels to encourage energy projects to meet Congressional policy objectives....more

Mintz - Energy & Sustainability Viewpoints

Energy & Sustainability Washington Update — June 2024

Mintz - Energy & Sustainability Viewpoints on

“Home Energy Rebates” program, which made available $8.8 billion in funds to help reduce US households’ energy bills. Separated into two rebate programs – the HOMES Rebate Program and the HEEHRA Rebate Program – Home Energy...more

Mintz

Energy & Sustainability Washington Update — July 2023

Mintz on

Bipartisan Infrastructure Law & Inflation Reduction Act Opportunities - Visit our Energy Funding Matrix for a roundup of various clean energy opportunities. We update the matrix on a biweekly basis and welcome any...more

K&L Gates LLP

Treasury and IRS Propose Regulations for Inflation Reduction Act's Low-Income Communities Bonus Credit Program

K&L Gates LLP on

On 1 June 2023, the US Department of the Treasury (Treasury) and Internal Revenue Service (IRS) issued a notice of proposed rulemaking (NOPR) regarding the Low-Income Communities Bonus Credit Program (Program) established...more

Stoel Rives LLP

Treasury Issues Preliminary Guidance on Domestic Content Bonus Credit Qualification

Stoel Rives LLP on

The U.S. Department of the Treasury earlier today released Notice 2023-38, Domestic Content Bonus Credit Guidance under Sections 45, 45Y, 48, and 48E (the Notice). The Notice indicates that the Treasury Department and the IRS...more

Pillsbury Winthrop Shaw Pittman LLP

Application Windows Opening for New Federal Funding

Pillsbury Winthrop Shaw Pittman LLP on

With more application windows for projects across the infrastructure, energy and technology sectors opening in the first three quarters of 2023, businesses should begin preparing now. Applicants must meet certain compliance...more

McDermott Will & Emery

Energy Tax Credits with a String Attached

McDermott Will & Emery on

The Inflation Reduction Act of 2022 (IRA) grants tax credits to clean energy and infrastructure projects. But there is a string attached: to receive the tax credits, workers doing the construction, as well as those doing any...more

Orrick, Herrington & Sutcliffe LLP

Boost For Solar Energy Developers From IRS Clarification Of "Beginning Construction" Tax Credit Rules

Orrick, Herrington & Sutcliffe LLP on

On June 22, the Internal Revenue Service ("IRS") issued Notice 2018-59 (the "Notice"), which provides guidance regarding qualification and construction timing for purposes of the investment tax credit ("ITC") provided by...more

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