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Results: 1-10 of 77

Pa. Governor’s Budget Proposal - 'no broad-based tax increases'?
  • Reed Smith LLP
  • USA
  • February 9 2017

Pennsylvania Gov. Tom Wolf presented his budget address February 7, 2017. The proposed budget seeks $1 billion in new revenue from several tax


A taxing situation: Pennsylvania realty transfer taxes & oil and gas conveyances
  • Reed Smith LLP
  • USA
  • March 4 2014

Conveying oil and gas interests in Pennsylvania raises the question as to whether the document conveying the interest is subject to realty transfer


IRS releases new guidance on beginning of construction
  • Reed Smith LLP
  • USA
  • August 13 2014

On August 8, 2014, the Internal Revenue Service ("IRS") issued Notice 2014-46 (the "Notice"), which clarified certain aspects of the beginning of


New incentivized sales tax exemption for renewable energy development in Nebraska
  • Reed Smith LLP
  • USA
  • June 5 2013

On June 4, 2013, Nebraska Governor Dave Heineman signed into law a bill (LB104) designed to incentivize the development of renewable energy in the


Sequestration: steamrolling grants for renewable energy?
  • Reed Smith LLP
  • USA
  • February 25 2013

The Sequestration steamroller is set to hit March 1, 2013 and we continue to monitor negotiations between the White House and Congress. The impact


Marcellus Shale-related bills introduced in Pennsylvania in 2011
  • Reed Smith LLP
  • USA
  • March 3 2011

Several new Marcellus Shale-related bills have been introduced in the Pennsylvania Senate and House of Representatives since the start of 2011


Illinois Supreme Court closes the circuit and zaps two tax codes
  • Reed Smith LLP
  • USA
  • February 24 2009

On February 20, 2009, the Illinois Supreme Court ruled that for purposes of the Investment Tax Credit ('ITC') against the Illinois Personal Property Replacement Income Tax, a sale of electricity is a sale of tangible personal property


Congress wishes the renewable energy industry a merry Christmas, but more remains to be done
  • Reed Smith LLP
  • USA
  • December 20 2010

On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the "Job Creation Act"), extending for one year the cash grant program for renewable energy projects, which was initially enacted as part of the American Recovery and Reinvestment Act of 2009 (the "Recovery Act"


Technical tax flaw may be preventing the Recovery Act from accomplishing its objective in the marketplace
  • Reed Smith LLP
  • USA
  • May 13 2009

Reed Smith's renewable energy practice group recently submitted a proposal to the Obama administration that is designed to increase the pool of potential tax equity investors for renewable energy clients


Another severance tax bill related to Marcellus Shale is proposed in Pennsylvania
  • Reed Smith LLP
  • USA
  • March 31 2011

The Marcellus Shale legislative season remains in full bloom as another severance tax bill was introduced in the Pennsylvania General Assembly this week