Tax

On May 14, 2025, the House Ways and Means Committee approved its markup of H.Con.Res.14, 119th Cong., 2025 (House Bill), which includes proposed changes that would modify substantially the clean energy tax incentives expanded by the IRA.
Continue Reading House Proposes Cutbacks to Clean Energy Tax Credits

The U.S. Treasury Department has issued final regulations for clean hydrogen production tax credits, which may significantly impact the renewable energy sector. These regulations implement the Section 45V clean hydrogen

Continue Reading Treasury Issues Final Guidance on Clean Hydrogen Production Tax Credit

The Internal Revenue Service (IRS) recently issued Notice 2024-30, which modifies guidance previously issued relating to the energy community “adder” for the investment tax credit and the production tax

Continue Reading IRS Adds 446 Potential Energy Communities; Eases Energy Community Rules for Offshore Wind

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