Please join our industry-leading Energy, Environmental, and Resources team for a breakdown of the next piece of the U.S. tax credit evolution! 

Hello, Tribes, Governments, and Tax-Exempt Organizations!

We discussed the regulations that the IRS released on Tuesday, March 5, 2024, that would allow foundations, tribes, tax-exempt organizations, and state and local governments to invest in or own renewable electricity facilities using legal structures similar to those available to taxable persons. 

Clean Hydrogen Tax Credits

We discussed highlights of the proposed rules concerning the hydrogen 45V tax credit which were released by the U.S. Department of the Treasury on Friday, December 22, 2023.

Manufacturing and More: 45X Guidance Released

We discussed the proposed regulations concerning the per-piece manufacturing tax credit for solar, wind, batteries, and critical minerals and how they intersect with the manufacturing property tax credit under Code Section 48C and the domestic content bonus credits.

Proposed ITC Regulations

We discussed highlights of the overhauled proposed regulations concerning the Section 48 investment tax credit which were released by the U.S. Department of the Treasury on Friday, November 17, 2023.

Wage and Apprenticeship Rules

We discussed the new proposed regulations concerning the 5x multiplier for prevailing wage and apprenticeship, which were released by Treasury on Tuesday, August 29, 2023.

Deep Dive: Transfer Credits

Industry-leading energy, environmental, and resources team and our friends at Reunion and Novogradac for a breakdown of the latest piece of the U.S. tax credit evolution. This installment was a deep dive conversation about the commercial impact of the new tax credit transfer rules on the energy market and energy market players.

Transfer and Direct Pay

Thank you for attending the Tax Evolution Webinar summarizing the guidance that the U.S. Department of the Treasury and the Internal Revenue Service released on June 14, 2023, concerning transferability and direct pay in the context of U.S. federal income tax credits for renewable electricity, hydrogen, fuels, and carbon capture.

Domestic Content

We summarized the guidance that the U.S. Department of the Treasury and the Internal Revenue Service released on Friday, May 12, 2023, concerning the domestic content “bonus” U.S. federal income tax credits for renewable electricity, energy storage, hydrogen storage, and renewable natural gas.

Client Update: Domestic Content Adder Guidance: Hits and Misses

On May 12, 2023, the U.S. Department of the Treasury issued Notice 2023-38, which contains the first rules concerning the domestic content bonus credits for renewable electricity, renewable natural gas, energy storage, hydrogen storage, and some hydrogen facilities pursuant to Code Sections 45, 48, 45Y, and 48E. Click here to learn more.