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Results: 1-10 of 81

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


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


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


Marcellus Shale tax update sales and use tax
  • Reed Smith LLP
  • USA
  • January 24 2013

The Pennsylvania Department of Revenue has taken the position that certain equipment used in Pennsylvania fracking operations is subject to sales tax


Effect of stimulus bill on renewable energy projects
  • Reed Smith LLP
  • USA
  • January 28 2009

The renewable energy market relies on tax credits to help generate competitive returns


IRS modifies safe harbor rules for renewable energy projects utilizing partnership flip structure
  • Reed Smith LLP
  • USA
  • September 23 2009

On September 21, 2009, the Internal Revenue Service ("IRS") issued Announcement 2009-69, which modifies the safe harbor rules for partnership flip transactions, a common method of structuring investments in the renewable energy market


IRS issues guidance on electing investment tax credits in lieu of production tax credits; guidance regarding cash grants expected in July
  • Reed Smith LLP
  • USA
  • June 10 2009

The American Recovery and Reinvestment Act of 2009 (the "Recovery Act") included a number of significant changes affecting businesses engaged in the renewable energy market


IRS establishes safe harbor for Section 45 credits claimed by partners of wind energy partnerships
  • Reed Smith LLP
  • USA
  • October 24 2007

On October 19, 2007, the IRS released Revenue Procedure 2007-65, which establishes safe harbor rules under which the IRS will respect the allocation of Section 45 wind energy production tax credits among the partners of a partnership that owns a qualified wind energy facility


New analysis of potential jobs and state revenue following a Pennsylvania severance tax on natural gas extraction
  • Reed Smith LLP
  • USA
  • September 15 2010

A recent report from researchers at the Pennsylvania State University indicates that, athough a state severance tax on natural gas extraction would have negative economic consequences on gas production companies, the overall benefit of state and local spending of revenue from the tax could increase population in the state by 1,300 people, add 1,400 new workers, and boost business sales by $80 million as well as personal income by $20 million


Treasury Department issues guidance on electing cash grants in lieu of production or investment tax credits
  • Reed Smith LLP
  • USA
  • July 14 2009

The American Recovery and Reinvestment Act of 2009 (the "Recovery Act") included a number of significant changes affecting businesses engaged in the renewable energy market