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Results: 1-10 of 19

IRS issues notice to determine when construction begins for purposes of production tax credit, investment tax credit

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

The Internal Revenue Service (IRS) has issued important guidance to determine when construction begins with respect to a qualified facility for

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

Key energy tax provisions included in ‘fiscal cliff’ legislation

  • McDermott Will & Emery
  • -
  • USA
  • -
  • January 3 2013

On January 1, 2013, Congress passed the American Taxpayer Relief Act of 2012 to address the tax rate hikes and expiring tax incentives to avert the

The IRS retains control of tax issues relating to the Section 1603 grant

  • McDermott Will & Emery
  • -
  • USA
  • -
  • March 19 2012

The Internal Revenue Service (IRS) recently set forth a set of questions and answers about the federal income tax consequences related to the receipt of a Section 1603 grant in lieu of investment tax credits for renewable energy projects in Notice 2012-23

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

IRS clarifies when 100 percent bonus depreciation applies

  • McDermott Will & Emery
  • -
  • USA
  • -
  • April 21 2011

The IRS recently issued guidance clarifying when taxpayers are eligible for 100 percent bonus depreciation

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