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Results: 11-20 of 36

Extending the GREEN tax incentives: Senate and House Bill comparison
  • McDermott Will & Emery
  • USA
  • March 10 2010

Both the House and the Senate have proposed bills extending certain expiring tax provisions related to energy


IRS provides procedures for election of investment tax credit in lieu of production tax credit
  • McDermott Will & Emery
  • USA
  • June 9 2009

The notice provides welcome guidance but may place significant filing requirements on renewable energy projects


Another push offshore: proposed legislation introduced to incentivize offshore wind projects
  • McDermott Will & Emery
  • USA
  • March 8 2010

The proposed bills would specifically apply the production tax credit and the investment tax credit to offshore wind facilities and would provide for a January 1, 2020, expiration date of these tax credits


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


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


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, DOE accepting applications for grants in lieu of tax credits for renewable energy projects
  • McDermott Will & Emery
  • USA
  • August 4 2009

The Treasury and U.S. Department of Energy estimate that at least $3 billion in financial support will be distributed to approximately 5,000 renewable energy production facilities


Key energy-related tax provisions in the 2011 budget proposal
  • McDermott Will & Emery
  • USA
  • February 9 2010

President Obama's budget proposal reveals the administration's agenda and priorities with respect to energy tax issues


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


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