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Ohio Senate passes tax-exemption bill for green energy projects
  • Bricker & Eckler LLP
  • USA
  • May 19 2010

The Ohio Senate on Tuesday, May 18, passed by a vote of 28 to 4 Senate Bill 232, which would exempt qualifying renewable and advanced energy projects from property taxation

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

Section 54 clean renewable energy bonds
  • Hunton & Williams LLP
  • USA
  • December 10 2007

On Thursday, December 6, 2007, the House passed a bill entitled the Clean Renewable Energy and Conservation Tax Act of 2007 (“CRECTA”) containing several new categories of tax credit bonds

Hardin County designated an Alternative Energy Zone by commissioners
  • Bricker & Eckler LLP
  • USA
  • October 21 2010

On October 5, 2010 the Hardin County Commissioners passed a resolution designating the county as an Alternative Energy Zone by a unanimous vote of three to zero

Ohio Senate approves 3-year SB 232 extension in budget bill
  • Bricker & Eckler LLP
  • USA
  • June 9 2011

The Ohio Senate on Wednesday approved a 3-year extension of last session’s “Senate Bill 232,” which significantly reduced the tax burden on certain advanced energy projects, in the latest version of the state budget bill

Treasury releases new guidance on evaluating cash grant- eligible basis
  • Winston & Strawn LLP
  • USA
  • July 11 2011

On June 30, the U.S. Department of the Treasury (“Treasury”) released an additional guidance document outlining the process used to evaluate the amount of a renewable energy project’s basis that is eligible for a payment in lieu of tax credits (a “Cash Grant”) under Section 1603 of the American Recovery and Reinvestment Act of 2009

A win-win solution - using tax increment financing to pay for infrastructure improvements in areas impacted by oil and gas production from shale
  • Vorys, Sater, Seymour and Pease LLP
  • USA
  • February 13 2012

The development of oil and gas from Utica shale is one of the most significant opportunities for economic development in Ohio in the recent past

President Obama announces winners of $2.3 billion in new clean energy manufacturing tax credits
  • Duane Morris LLP
  • USA
  • January 13 2010

On January 8, 2010, President Obama announced the selection of 183 projects to receive a 30-percent tax credit for investments in manufacturing facilities for clean energy technologies

IRS comments on its PTC start of construction guidance
  • Akin Gump Strauss Hauer & Feld LLP
  • USA
  • August 21 2014

On August 20, the American Wind Energy Association (AWEA) held a webinar to discuss Internal Revenue Service (IRS) Notice 2014-46, which clarified

IRS issues additional guidance as to when construction begins for production tax credit
  • Loeb & Loeb LLP
  • USA
  • September 29 2014

As described in prior newsletters, a taxpayer is entitled to a production tax credit (PTC) with respect to sales of electricity from certain qualified