The U.S. Department of the Treasury announced initial wage and apprenticeship guidance under the Inflation Reduction Act of 2022 (IRA) that applies to taxpayers in order to increase available creditContinue Reading Treasury Announces Initial Guidance on the Inflation Reduction Act’s Labor Requirements for Renewable Energy Tax Credits and Incentives
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) on Oct. 28 announced $5 billion in New Markets Tax Credit (NMTC) awards with the goal of…Continue Reading U.S. Treasury Announces $5 Billion Allocation of New Markets Tax Credit Awards
This GT Alert outlines how the Inflation Reduction Act, which the House passed Aug. 12 and now heads to the president’s desk, would apply to the renewable energy industry.
On June 29, 2021, the Internal Revenue Service (IRS) released Notice 2021-41 (the “Notice”) granting additional relief for certain renewable energy projects planning to claim the U.S. federal production tax…
Continue Reading Notice 2021-41: Further Extension of the Continuity Safe Harbor for Renewable Energy Projects
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