The Inflation Reduction Act, Pub. L. No. 117-169, 136 Stat. 1818 (Aug. 16, 2022), among other things creates tax incentives for clean energy development. The IRA enhances those tax credits

Continue Reading Environmental Law and the Brownfield ‘Energy Community’ Clean Energy Tax Credit Bonus Under the IRA

The Internal Revenue Service (IRS) opened the portal for taxpayers to register for elective payment (under Section 6417 of the Internal Revenue Code (Code)) or transfer (under Section 6418 of

Continue Reading Monetizing Clean Energy Credits: IRS Opens Registration Portal

The Internal Revenue Service (IRS) and U.S. Department of the Treasury (Treasury) issued proposed regulations, published in the Federal Register Dec. 26, 2023, applicable to clean hydrogen production facilities.

Continue Reading Clean Hydrogen Tax Credits: IRS Releases Proposed Treasury Regulations

Greenberg Traurig continues the strategic expansion of its Energy & Natural Resources Practice with the addition of energy tax attorney David Gillespie as a shareholder in New York. Gillespie joins

Continue Reading Greenberg Traurig Adds Tax Veteran David Gillespie to Energy & Natural Resources Practice

On Aug. 30, 2023, the U.S. Department of the Treasury published proposed regulations (Proposed Rules) addressing the prevailing wage and apprenticeship requirements imposed by the Inflation Reduction Act

Continue Reading Proposed Treasury Rules on Prevailing Wage and Apprenticeship for Clean Energy Credits Incentivize Use of Project Labor Agreements

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credit (NMTC) awards on Sept. 22, with the goal of

Continue Reading U.S. Treasury Announces $5 Billion Allocation of New Markets Tax Credit Awards

On June 14, 2023, the IRS released proposed and temporary regulations and additional guidance describing rules for eligible taxpayers to benefit from clean energy projects through selling any of the

Continue Reading Proposed Regulations under Section 6418 Transferability of Clean Energy Tax Credits