In my first post after issuance of the section 48 proposed regulations, I referenced that there were some winners and some unfortunate guidance. We start our detailed review of the section 48 proposed regulations with the latter - the remarkable proposed exclusion of gas upgrade equipment from ITC eligibility... #inflationreductionact #rng
Amish Shah’s Post
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Our summary of the 30C alternative fuel vehicle refueling property tax credit. #inflationreductionact #EVs #tax #energy
Proposed regulations from the U.S. Department of the Treasury and Internal Revenue Service offer important clarifications on changes to Section 30C brought by the #InflationReductionAct. This #energy #tax alert delves into the effects of the changes on the Alternative #Fuel Vehicle Refueling Property Credit and explores other key details, including the $100,000 cap, eligible property criteria and public comment period. https://bit.ly/4dBiX4R #taxcredits #cleantechnology Nicole M. Elliott | Amish Shah | Mary Kate Nicholson | Sanaa Ghanim | Brad Seltzer | Elizabeth Crouse | Roger Aksamit | Joshua Odintz | James Dawson | Lee Meyercord | Ryan Phelps | Ken Parsons | Daniel Strickland | Bryan Marcelino | Rachel Provencher | Alex Lewis, J.D./CPA
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I highly encourage all of my contacts in the energy sector to join us for this webinar where our superstar team will discuss the potential impacts on the energy industry for a Harris or Trump administration. #inflationredutionact #energy #tax
Join us for the next session in our Election 2024 Potential Impacts webinar series, focusing on the #energy industry! Learn from our #PublicPolicy & #Regulation Group and Energy & #NaturalResources Industry Sector Group about the effects a potential #Trump or #Harris Administration could have on energy policies from Washington, D.C. Register now! https://bit.ly/480OiwS #energypolicy #renewableenergy Elizabeth "Liz" Leoty Craddock | Nicole M. Elliott | Dimitrios Karakitsos | Taite McDonald| James Noe | Todd Wooten | Scott Mason | Elizabeth Noll | Beth Ann Viola
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Treasury outlines Phase IV of IRA guidance which includes finalizing guidance on the new tech neutral section 45Y PTC and 48E ITC, the section 48 ITC, section 45V hydrogen credit, the section 45X advanced manufacturing credit , the Low-Income Communities Bonus Credit Program, and rules for electing out of partnership tax status under section 761. With respect to the section 48 ITC, Treasury notes that they expect to finalize rules before finalizing rules for the technology-neutral credits to provide further certainty for investments, including for qualified biogas property and other types of eligible property. #inflationreductionact #energy #tax
Remarks by Aviva Aron-Dine, Performing the Duties of Assistant Secretary for Tax Policy, on Phase Four of Implementation of the Inflation Reduction Act’s Clean Energy Provisions
home.treasury.gov
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Please join an all-star team of Nicole M. Elliott, Joshua Odintz, Chris Armstrong, and Yasmin Nelson on October 2 as they provide their insights on the expected tax approaches of a Harris or Trump administration. #tax #energy
Our #PublicPolicy & #Regulation Group is gearing up for November with an Election Impacts #webinar series. Join us for discussions on how this year's results could affect the #energy, #environment, #tax and #transportation sectors, along with insights on the ground from former members of #Congress during a special pre-election briefing. We hope you'll join us for these informative presentations. https://lnkd.in/g9JfhNE
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Guidance on the section 30C credit for EV chargers was released yesterday. #evs #Inflationreductionact #tax #energy For all of our alerts on the Inflation Reduction Act and a library of IRA guidance, visit www.HKIRALibrary.com
The #Treasury and #IRS have released proposed regulations for the #AlternativeFuel Vehicle Refueling Property Credit that aim to provide clarity for businesses interested in taking advantage of this #taxcredit. The updates define key terms, plus provide additional information on #credit calculation and recapture period details. Our #energy, #tax and #publicpolicy professionals examine the regulations in our latest alert: https://bit.ly/4daAdOf #renewableenergy #cleantechnology Amish Shah | Mary Kate Nicholson | Alex Lewis, J.D./CPA | Nicole M. Elliott | Brad Seltzer | Elizabeth Crouse | Roger Aksamit | Joshua Odintz | Lee Meyercord | Ryan Phelps | Ken Parsons | Daniel Strickland | Bryan Marcelino | Sanaa Ghanim | Rachel Provencher
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A summary in Pratt’s Energy Law Report by our Renewable and Alternative Energy Tax group on the prevailing wage and apprenticeship rules. #inflationreductionact #tax #energy #prevailingwages #apprenticeship Visit us at www.HKIRALibrary.com
Holland & Knight attorneys co-authored a Pratt's #EnergyLaw Report article examining the final regulations released for the prevailing #wage and apprenticeship requirements under the #InflationReductionAct, including how the final regulations differ from those proposed in August of 2023. Read the full article here: https://bit.ly/4e8lvZt #taxcredits Nicole M. Elliott | Tim Taylor | Amish Shah | Elizabeth Crouse | Brad Seltzer | Mary Kate Nicholson | Roger Aksamit | Ryan Phelps | Joshua Odintz | Daniel Strickland | Ken Parsons | Alex Lewis, J.D./CPA | Rachel Provencher | Bryan Marcelino | Lee Meyercord
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Thrilled to have Elizabeth Crouse on our Renewable and Alternative Energy Tax team! I've had the pleasure of working with Elizabeth on committees and conference panels and across from her on transactions, and am excited about now working with her (and our new associate, Alex Lewis, J.D./CPA). For more on the team, visit www.hkiralibrary.com
We're thrilled to welcome Partner Elizabeth Crouse to our #Portland office. Nationally recognized for her work on #energy and #tax matters, Elizabeth's decades of experience advising top-tier corporate investors, developers and operators in the #renewableenergy industry will be an invaluable asset to our team, as will her knowledge in #projectfinance transactions. Excited to have her on board! Learn more: https://bit.ly/4e4WRbA
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Vice President of Policy for the American Biogas Council, advocating for biogas in energy and carbon policy nationwide
11moInteresting take on some of the HK insights. I do not see how Landfill gas to RNG is eligible, in the same proposal where upgrading equipment is ineligible, the two concepts are mutually exclusive. Pleased to see others are diving right in, lots of work to do here to align with what was seemingly obvious in the Statute language