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2 weeks ago | 
aws.amazon.com | Hardik Shah |Amish Shah |Pranav Bhardwaj |Cody Williams
AWS Network Firewall is a managed, stateful network firewall and intrusion detection and prevention service. It allows you to implement security rules for fine-grained control of your VPC network traffic. In this blog post, we discuss flow capture and flow flush, new features of AWS Network Firewall that enhance network visibility and security policy enforcement.
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Jan 10, 2025 | 
mondaq.com | Amish Shah |Nicole Elliott |Bradley Seltzer |Elizabeth C. Crouse
The U.S. Department of the Treasury and IRS on Jan. 7, 2025,released final regulations regarding the cleanelectricity production tax credit (PTC) determined under Section45Y, as well as the clean electricity investment tax credit (ITC)determined under Section 48E of the Internal Revenue Code. Enactedby the Inflation Reduction Act, Section 45Y and Section 48E replacethe traditional Section 45 PTC and Section 48 ITC and apply toprojects placed in service after Dec. 31, 2024.
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Jan 8, 2025 | 
mondaq.com | Amish Shah |Nicole Elliott |Bradley Seltzer |Elizabeth C. Crouse
The U.S. Department of the Treasury and IRS on Jan. 3, 2025,released final regulations regarding the production taxcredit (PTC) for hydrogen under Section 45V of the Internal RevenueCode, as enacted by the Inflation Reduction Act. The U.S.Department of Energy intends to release a new version of45VH2-GREET with an accompanying user manual later this month.
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Dec 9, 2024 | 
mondaq.com | Amish Shah |Nicole Elliott |Bradley Seltzer |Elizabeth C. Crouse
The U.S. Department of the Treasury and IRS released the final
regulations for the Section 48 energy credit, also known as the
investment tax credit (ITC).
The final regulations provide guidance on various renewable
energy generation technologies, as well as qualified biogas
property, interconnection property and energy storage technology. The final regulations also finalize the prevailing wage and
apprenticeship requirements with respect to the Section 48 ITC.
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Nov 1, 2024 | 
mondaq.com | Nicole Elliott |Joshua David Odintz |Amish Shah |Mary Nicholson
The Chips and Science Act of 2022 (CHIPS Act) added Section 48D
to the Internal Revenue Code to incentivize the manufacture of
semiconductors and semiconductor manufacturing equipment.
The Section 48D credit is generally 25 percent of the basis of
any qualified property that is part of an eligible taxpayer's
advanced manufacturing facility.
The U.S. Department of the Treasury and IRS recently released
final regulations under Section 48D, which provide helpful
clarifications.
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Oct 29, 2024 | 
lexology.com | Nicole Elliott |Joshua David Odintz |Amish Shah |Mary Nicholson
Highlights The Chips and Science Act of 2022 (CHIPS Act) added Section 48D to the Internal Revenue Code to incentivize the manufacture of semiconductors and semiconductor manufacturing equipment. The Section 48D credit is generally 25 percent of the basis of any qualified property that is part of an eligible taxpayer's advanced manufacturing facility. The U.S. Department of the Treasury and IRS recently released final regulations under Section 48D, which provide helpful clarifications.
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Oct 24, 2024 | 
lexology.com | Nicole Elliott |Amish Shah |Bradley Seltzer |Elizabeth C. Crouse |Roger David Aksamit |Joshua David Odintz
The U.S. Department of the Treasury and IRS on Oct. 24, 2024, released Final Regulations regarding the Section 45X Advanced Manufacturing Production Credit of the Internal Revenue Code. The Final Regulations are effective 60 days after publication in the Federal Register.
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Oct 10, 2024 | 
mondaq.com | Nicole Elliott |Amish Shah |Mary Nicholson |Bradley Seltzer
The U.S. Department of the Treasury and IRS on Sept. 19, 2024,
released proposed regulations under Section 30C of the Internal
Revenue Code providing important clarity on the changes made by the
Inflation Reduction Act (IRA).
Section 30C, the Alternative Fuel Vehicle Refueling Property
Credit, was substantively modified as a result of the IRA. As a
result, the credit is generally 30 percent of the cost of any
alternative fuel refueling property placed in service by the
taxpayer on or before Dec.
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Oct 8, 2024 | 
lexology.com | Nicole Elliott |Amish Shah |Mary Nicholson |Sanaa Ghanim |Bradley Seltzer |Elizabeth C. Crouse
HighlightsThe U.S. Department of the Treasury and IRS on Sept. 19, 2024, released proposed regulations under Section 30C of the Internal Revenue Code providing important clarity on the changes made by the Inflation Reduction Act (IRA). Section 30C, the Alternative Fuel Vehicle Refueling Property Credit, was substantively modified as a result of the IRA.
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Sep 18, 2024 | 
lexology.com | Amish Shah |Mary Nicholson |Alex Lewis |Nicole Elliott |Bradley Seltzer |Elizabeth C. Crouse
The U.S. Department of the Treasury and IRS on Sept. 18, 2024, released proposed regulations under Section 30C of the Internal Revenue Code regarding the Alternative Fuel Vehicle Refueling Property Credit. The proposed regulations provide clarity on a number of issues and are open to public comment for 60 days. Section 30C was originally enacted by the Energy Policy Act of 2005 to provide a credit for the cost of qualified alternative fuel vehicle refueling property.
