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Congress unveils energy tax extenders

USA - December 17 2019 Congress is moving towards passing The Taxpayer Certainty and Disaster Relief Act of 2019 (Extenders Bill). If enacted, the Extenders Bill would...

Scott Wright, Madeleine M.L. Tan, Thomas H. Warren, Bradley M. Seltzer, Graham R. Green, Ram C. Sunkara, Susan E. Seabrook, Daniel G. Strickland, Dorothy B. Franzoni, Joseph C. Hall, Sarah E. Paul, Susan G. Lafferty, David M. McCullough, Maria Todorova, H. Karl Zeswitz, Amish M. Shah.

Ready, fire, aim - IRS Chief Counsel Advisory misses the mark in NOL carryforward position that controvenes the TCJA

USA - August 7 2019 In CCA 201928014 (July 12, 2019), the IRS Office of Chief Counsel provides its view of the interplay between the net operating loss (NOL) carryover...

Ellen McElroy, Bradley M. Seltzer, Graham R. Green, Amish M. Shah.

IRS clarifies the corrective measures a regulated transmission utility must undertake to avoid a normalization violation

USA - July 31 2019 In two recent private letter rulings (PLRs 201930015 and 201930016), the Internal Revenue Service (IRS) clarified the corrective measures a regulated...

Bradley M. Seltzer, Graham R. Green, Amish M. Shah.

Court issues opinions regarding inclusion of developer fees in cost basis under the Section 1603 Renewable Energy Cash Grant Program

USA - June 24 2019 On June 20, 2019, the Court of Federal Claims released its opinions in the consolidated cases of California Ridge Energy, LLC v. U.S., CA...

Ellen McElroy, Michael D. Resnick, Scott Wright, Bradley M. Seltzer, Mary E. Monahan, Wes Sheumaker, Maria Todorova, H. Karl Zeswitz, Amish M. Shah.

IRS reaffirms that negotiated rates under PPA prevents solar facility from classification as “public utility property”

USA - June 12 2019 In Private Letter Ruling 201923019 (Feb. 21, 2019) (publicly released on June 10, 2019), the Internal Revenue Service (IRS) addressed a state statute...

Ellen McElroy, Michael D. Resnick, Scott Wright, Bradley M. Seltzer, Daniel G. Strickland, Mary E. Monahan, Wes Sheumaker, Maria Todorova, H. Karl Zeswitz, Amish M. Shah.