On Dec. 21, 2020, Congress passed a COVID-19 relief bill (the Consolidated Appropriations Act, 2021), which President Trump signed into law on Dec. 27, 2020. The bill includes the Taxpayer
Continue Reading Taxpayer Certainty and Disaster Tax Relief Act of 2020: Spotlight on the Extensions of Certain Alternative Energy Tax Credits
Andrew W. Scher
Andrew W. Scher has wide-ranging experience advising clients on large and complex corporate transactions. He has primarily counseled companies in the electric and gas industries, leading to the construction of electric generating facilities with values in excess of $3 billion, including solar and wind energy generating projects with values in excess of $1 billion.
Summary of Guidance on Section 45Q Carbon Tax Credits Under 2020 Notice and Revenue Procedure
On Feb. 19, 2020, the IRS released Notice 2020-12 and Revenue Procedure 2020-12 (together, the “Carbon Guidance”) which provide highly anticipated clarity on the Internal Revenue Code Section 45Q credit…
Tax Credits for Wind and Solar Facilities Under the Republican Tax Plan
On Thursday, Nov. 2, 2017, the House Republicans unveiled their long-awaited tax plan, which was introduced as a Bill (H.R. 1) entitled the “Tax Cuts and Jobs Act”…
Continue Reading Tax Credits for Wind and Solar Facilities Under the Republican Tax Plan
Time is Running Out for Large Scale Solar Projects
Time may be running out for large scale photovoltaic and other solar electric generating projects due to a looming statutory reduction in the federal investment tax for such projects (the…
Continue Reading Time is Running Out for Large Scale Solar Projects