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Results: 1-10 of 18

Key energy-related tax provisions in the 2014 budget proposal

  • McDermott Will & Emery
  • -
  • USA
  • -
  • April 23 2013

President Obama's recently released budget proposal for the 2014 fiscal year contains energy-related tax provisions that include a permanent

Proposed legislation would expand use of master limited partnerships to renewable energy projects

  • McDermott Will & Emery
  • -
  • USA
  • -
  • June 14 2012

Last week, Sens. Chris Coons, D.-Del., and Jerry Moran, R.-Kan., introduced bipartisan legislation aimed at expanding the use of master limited partnerships (MLPs) from fossil fuel-based energy projects such as oil, natural gas, coal extraction and pipeline projects to also include renewable energy projects

Key energy-related tax provisions in the 2013 budget proposal

  • McDermott Will & Emery
  • -
  • USA
  • -
  • February 17 2012

President Obama’s recently released budget proposal for the 2013 fiscal year contains energy-related tax provisions, including an extension of the Section 1603 grant in lieu of investment credits through 2012

Treasury clarifies 5 percent safe harbor ownership guidelines for Section 1603 grants for renewable energy projects

  • McDermott Will & Emery
  • -
  • USA
  • -
  • December 13 2011

The Treasury Department has issued guidance in the form of two new “Frequently Asked Questions” addressing when transferees or purchasers of renewable energy property will qualify for the 5 percent safe harbor for beginning construction under the grant in lieu of investment credit program

Energy related tax provisions in the President’s 2012 budget

  • McDermott Will & Emery
  • -
  • USA
  • -
  • February 18 2011

President Obama's recently released budget proposal contains energy-related tax provisions for the 2012 fiscal year

Congress passes bill extending Section 1603 grant and other energy-related incentives

  • McDermott Will & Emery
  • -
  • USA
  • -
  • December 17 2010

The U.S. Congress recently passed a bill extending the Section 1603 grant program for one year, prolonging certain credits for biodiesel producers and both continuing and expanding first-year bonus depreciation

Energy tax incentive bill introduced in Senate

  • McDermott Will & Emery
  • -
  • USA
  • -
  • October 11 2010

New energy tax credit legislation was introduced by Senators Jeff Bingaman (D-NM) and Olympia J. Snowe (R-ME), under which natural gas, combined heat and power, the Advanced Energy Manufacturing Tax Credit, energy storage, Clean Renewable Energy Bonds, and offshore wind, among other energy expenditures and projects, would all receive new or expanded tax benefits

Energy bill discussion draft includes deemed tax payment in lieu of production tax credits and investment tax credits

  • McDermott Will & Emery
  • -
  • USA
  • -
  • July 30 2010

A discussion draft of the Domestic Manufacturing and Energy Jobs Act of 2010, which was recently introduced by Acting House Ways and Committee Chair Sander M. Levin, includes several significant energy-related tax provisions

Private letter ruling issued addressing the public benefit exception under IRC Section 118(b) relating to contributions in aid of construction

  • McDermott Will & Emery
  • -
  • USA
  • -
  • July 21 2010

A private letter ruling, particularly important to utility companies that receive payments to facilitate the relocation of transmission equipment, was recently issued

Treasury issues guidance on “beginning of construction” for 1603 grants

  • McDermott Will & Emery
  • -
  • USA
  • -
  • July 1 2010

The U.S. Treasury Department has clarified when construction begins in order to qualify for 1603 cash grants in lieu of tax credits