Nicholas O'Donnell’s Post

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Litigation Partner at Sullivan & Worcester LLP

On April 16, Ameek Ashok Ponda, with assistance from Paul Decker, Sarah Wellings and Connie Lee, submitted a comment letter to the Internal Revenue Service (IRS) regarding his recommendations for the 2024-2025 Priority Guidance Plan, pursuant to Notice 2024-28, I.R.B. 2024-13. The comment letter incorporates a March 2024 thought piece (updated from time to time) published by Ameek, Paul, Sarah and Connie, titled "Enabling REITs to Deploy Renewable Energy: Toward a Workable Legal Standard," in a request to the IRS and the Department of Treasury to issue precedential guidance that confirms that revenue generated by a REIT from a renewable energy source is not “impermissible tenant service income,” as well as guidance that enables a REIT to deploy renewable energy infrastructure during periods of ramp up or tenant vacancies. To learn more or read the comment letter, click here: https://lnkd.in/eRchyzNw #WhatsYourNext

Ameek Ashok Ponda Submits Comments to IRS to Address Favorably REITs Deploying Renewable Energy Infrastructure at their Properties

Ameek Ashok Ponda Submits Comments to IRS to Address Favorably REITs Deploying Renewable Energy Infrastructure at their Properties

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