Section 30D of the US Internal Revenue Code (“IRC”) provides business and individual taxpayers that purchase new qualified plug-in electric drive motor vehicles (“EVs”), including passenger vehicles and light trucks, with a nonrefundable tax credit. Section 30C of the IRC
Tax Equity Times
Your Source for Tax Equity News and Analysis
Tax Equity Times, published by Mayer Brown, focuses on legal developments and regulatory updates related to tax equity financing, particularly in the clean energy sector. The blog covers topics such as tax credits for renewable energy projects, including domestic content bonus credits and energy community bonus adders under the Inflation Reduction Act. It also addresses guidance on clean vehicle tax credits, IRS and Treasury regulations, and compliance requirements for taxpayers and manufacturers. The content is aimed at legal professionals, investors, and stakeholders involved in energy finance, tax incentives, and related regulatory frameworks.
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North Carolina, a Little Late to East Coast Offshore Wind Race, Goes 8 GW-by-2040 Large
More still on offshore wind from my partners Paul Forrester and Eric Pogue.
US Department of Interior to Consider Offshore Wind in Gulf of Mexico
More on US offshore wind from my partners Paul Forrester and Eric Pogue.
Governors of Nine East Coast States Send Offshore Wind Letter to Biden Administration
Read about the letter in this piece by my partners Paul Forrester and Eric Pogue.
G7 Commits to Multi-Year Effort to Support Net-Zero Global Economy and to Move to Mandatory Climate Risk Reporting
Read the latest from G7 on climate change in this Legal Update authored by my Mayer Brown colleagues, Paul Forrester and Andrew Olmem.
Biden Administration Budget: Energy Tax Proposals
Read about the Energy Tax Proposals in the Biden Administration’s 2022 Budget in this Legal Update: Energy Tax Implications of the Administration’s FY2022 Budget Tax Proposals | Perspectives & Events | Mayer Brown.
IRS Releases 2021 Section 45 Production Tax Credit Amounts
On May 24, 2021, the US Internal Revenue Service (IRS) released Notice 2021-32, which provides the inflation-adjustment factors and reference prices for the calculation of renewable electricity production tax credits (PTCs) under Internal Revenue Code (IRC) section 45 for calendar…
More Polar Vortex 2021 Fallout
My partner Paul Forrester wrote a Brief entitled “More Polar Vortex 2021 Fallout: “Austin, We Have a Problem” – Aggregate ERCOT Payment Shortfall Around $3B, But ERCOT Can Only Bill “Default Uplift” at $30M Per Year”. You can read it…
SEIA Asks for Extension to Continuity Safe Harbor
In an April 12, 2021 letter to Treasury Secretary Yellen, the Solar Energy Industries Association (SEIA) has asked for an extension of the so-called “continuity safe harbor” under the beginning of construction rules under IRS Notice 2018-59.…
Recent Legislative Proposals Could Drastically Change US Energy Taxation
There have been a number of recent legislative proposals that could drastically impact the US energy industry, including renewables. In this Legal Update, my Mayer Brown colleagues and I describe some of the highlights.