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Results: 1-10 of 36

Energy Tax Extenders in FAA Bill Unlikely
  • McDermott Will & Emery
  • USA
  • June 30 2016

As discussed in our post on April 7, US Congress extended the Production Tax Credit (PTC) under Internal Revenue Code (IRC) Section 45 and the


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


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


IRS Issues Updated Notice Regarding Safe Harbor for Transfers of Property to Regulated Public Utilities by Electricity Generators
  • McDermott Will & Emery
  • USA
  • June 15 2016

On June 10, 2016, the Internal Revenue Service issued Notice 2016-36, which updates the Safe Harbor requirements to reflect industry changes. This


IRS Revises Recent Begin Construction Guidance
  • McDermott Will & Emery
  • USA
  • May 20 2016

On May 18, 2016, the Internal Revenue Service (IRS) revised Notice 2016-31 (Notice), its recent guidance on meeting the beginning of construction


President Obama Signs Consolidated Appropriations Act
  • McDermott Will & Emery
  • USA
  • March 16 2016

On December 18, 2015, President Barack Obama signed into law the Consolidated Appropriations Act, 2016 (H.R. 2029) (the Act). The Act includes


Key energy-related tax provisions in the 2016 budget proposal
  • McDermott Will & Emery
  • USA
  • February 18 2015

As in previous proposed budgets, President Obama’s recently released budget proposal for the 2016 fiscal year contains energy-related tax provisions


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


Baucus proposes reforms to energy tax incentives
  • McDermott Will & Emery
  • USA
  • December 19 2013

Senate Finance Committee Chairman Max Baucus (D-MT) released a proposal on December 18 that would streamline energy tax incentives to make them more


IRS issues additional guidance on when construction begins for purposes of production tax credit, investment tax credit
  • McDermott Will & Emery
  • USA
  • September 25 2013

The Internal Revenue Service (IRS) has issued additional guidance relating to when construction begins with respect to wind and other qualified