News & Analysis as of

Tribal Lands Inflation Reduction Act (IRA)

Holland & Knight LLP

House and Senate Issue Competing Approaches to the 2024 Farm Bill

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The House Committee on Agriculture and the Senate Committee on Agriculture, Nutrition & Forestry issued their frameworks for the 2024 Farm Bill on May 1, 2024. The House approach emphasizes enhancements to the farmer safety...more

BakerHostetler

Review of the Executive Order on Reforming Federal Funding and Support for Tribal Nations to Better Embrace Our Trust...

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For our clients in Indian Country, the recent Executive Order is a welcome development as Tribal Nations plan and allocate funding to future projects. On Dec. 6, during the White House Tribal Nations Summit, President Biden...more

Holland & Knight LLP

A First Look at the EPA's Clean Ports Program

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The U.S. Environmental Protection Agency's (EPA) Clean Ports Program is a $3 billion program established by the Inflation Reduction Act (IRA) to fund zero-emission (ZE) port equipment and technology, as well as assist U.S....more

DarrowEverett LLP

What IRS’s Low-Income Adder Guidance Means For Renewables Projects

DarrowEverett LLP on

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

Lowndes

Applications for Low-Income Communities Bonus Tax Credits to Open in Early Fall

Lowndes on

Last year’s Inflation Reduction Act created the Low-Income Communities Bonus Credit Program. This program provides additional energy tax credits on top of the existing 30% investment tax credit. According to Section 48(e) of...more

Paul Hastings LLP

Treasury Issues Additional Guidance on Low-Income Community Bonus Credit

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On June 1, 2023, the Treasury Department (“Treasury”) issued a notice of proposed rulemaking including proposed rules (the “Proposed Rules”) regarding the “Low-Income Communities Bonus Credit Program” established by the...more

Allen Matkins

Renewable Energy Update - 4.20.23 - #3

Allen Matkins on

NEXT Energy Technologies Inc. has received $3 million in funding under the California Energy Commission’s Realizing Accelerated Manufacturing and Production for Clean Energy Technologies program, to be applied toward NEXT’s...more

Eversheds Sutherland (US) LLP

Limited initial guidance issued for section 48(e) investment tax credit enhancer

On February 13, 2023, the Department of Treasury (Treasury) and the Internal Revenue Service (Service) issued Notice 2023-17 (Notice), establishing the 48(e) Low-Income Communities Bonus Credit Program (Program) with respect...more

Snell & Wilmer

Massachusetts District Court Judge Rules U.S. Department of Interior Acted Legally in Mashpee Wampanoag Decision

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On February 10, 2023, the Honorable Judge Angel Kelley of the U.S. District Court of Massachusetts ruled that the U.S. Department of the Interior acted legally when it took into trust 321 acres of land (two noncontiguous...more

Bricker Graydon LLP

Inflation Reduction Act: Direct payments to nonprofits and political subdivisions for clean energy projects

Bricker Graydon LLP on

President Biden signed the Inflation Reduction Act (IRA) into law on August 16, 2022. While we all await regulatory guidance from agencies charged with implementing the IRA, one thing is abundantly clear: the IRA provides...more

Paul Hastings LLP

IRS Issues Guidance on Low-Income Community Bonus Credit

Paul Hastings LLP on

The Inflation Reduction Act of 2022 (the “IRA”) added and modified certain renewable energy tax credit provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), including the provisions applicable to the...more

Holland & Knight LLP

Tribal Provisions in the Inflation Reduction Act Address Energy, Climate Change

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In support of transitioning to clean energy and combating climate change, Congress enacted the Inflation Reduction Act (IRA) (Pub. L. 117-169) to extend, modify and enhance many existing tax incentives, create new tax...more

Kilpatrick

The DOE, LPO, and Inflation Reduction Act Incentivize Significant Tribal Energy Development

Kilpatrick on

Pound-for-pound, Tribes have the potential to be among the United States’ most prolific clean energy developers. Tribal lands, which compose approximately 5.8% of the total land area in the contiguous United States, have the...more

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