Skip to content

Insights Search

8 Results
Insight
Insight

On September 12, 2024, the Department of the Treasury and the Internal Revenue Service issued long-awaited proposed regulations (the “Proposed Regulations”) on the application of the corporate alternative minimum tax, which imposes a 15% corporate alternative minimum tax on the adjusted financial statement income (“AFSI”) of certain large corporations for tax years beginning after December 31, 2022.

September 19, 2024
Insight
Insight

On June 18, 2024, the Department of the Treasury (the “Treasury”) and the Internal Revenue Service (the “Service”) issued (T.D. 9998) (the “Final Regulations”) regarding compliance with the prevailing wage and apprenticeship requirements (the “PWA Requirements”) impacting many of the clean energy tax credits introduced or expanded by the Inflation Reduction Act of 2022 (the “IRA”).

V&E Renewable Energy Update

July 15, 2024
Event Recap
Event Recap
Attorneys from our Employment, Labor and OSHA and Tax groups discussed the prevailing wage and apprenticeship requirements in the Inflation Reduction Act.
October 26, 2023
Video
Insight
Insight

On May 31, 2023, the Department of the Treasury (the “Treasury”) and the Internal Revenue Service (the “Service”) issued Proposed Treasury Regulations 110412-23 (the “Proposed Regulations”), providing additional guidance on the “Low-Income Communities Bonus” available under section 48(e) of the Internal Revenue Code of 1986, as amended (the “Code”), for eligible wind, solar, and storage projects.

V&E Renewable Energy Update

June 2, 2023
Insight
Insight

In what appears to have been an update to previously released guidance, the Department of Treasury (the “Treasury”) and Internal Revenue Service (the “IRS”) posted an unexpected update to Notice 2023-29 (the “Notice”) providing guidance on the energy community bonus credit available for certain production and investment tax credits.

V&E Renewable Energy Update

April 10, 2023
Insight
Insight

On February 13, 2023, the Department of Treasury, along with the Internal Revenue Service and the Department of Energy, issued Notice 2023-17, establishing a program under section 48(e) of the Internal Revenue Code of 1986, as amended, to allocate the “Low-Income Community Bonus” that is available in connection with the Code section 48 Investment Tax Credit (the “ITC”) among eligible wind, solar, or storage projects.

February 15, 2023
Insight
Insight

On February 13, 2023, the Department of Treasury (the “Treasury”), along with the Internal Revenue Service (the “Service”) and the Department of Energy (the “DOE”), issued Notice 2023-18 (the “Notice”), establishing a program under section 48C(e)(1) of the Internal Revenue Code of 1986, as amended (the “Code”), to allocate $10 billion of tax credits for qualifying investments in eligible advanced energy projects (the “Advanced Energy Project Credit”).

V&E Renewable Energy Update

February 14, 2023
Insight
Insight

On July 27, 2022, only a few hours after the Senate approved a bipartisan semiconductor and technology package, Senator Manchin made a stunning and well-timed reversal of his prior position and confirmed his support for various climate and energy programs. Senate Democrats (led by Senators Manchin and Schumer) quickly made legislative text available and submitted it to the Senate Parliamentarian for review.

July 28, 2022