Amy Elliott

May 31, 2024 | jdsupra.com | Shariff Barakat |Amy Elliott |Jerome Garciano

On May 29, 2024, the Internal Revenue Service (IRS) and the Department of Treasury issued proposed regulations (REG-119283-23) addressing the new technology neutral clean electricity production tax credit (PTC) in section 45Y and the clean electricity investment tax credit (ITC) in section 48E, each of which was designed to become available for projects that are placed in service after December 31, 2024, when their corresponding predecessors (sections 45 and 48, respectively) generally expire.

May 23, 2024 | jdsupra.com | Shariff Barakat |Amy Elliott |Jerome Garciano

On May 16, 2024, the Internal Revenue Service (IRS) issued further guidance (Notice 2024-41, the Additional Notice) intended to provide clarity and certainty surrounding the domestic content1 bonus credit by (among other changes) adding a new elective safe harbor designed to make it easier for taxpayers to establish that they qualify for the bonus amount, which is only available for certain of the clean energy production and investment tax credits (PTC and ITC) added or amended by the...

Jan 26, 2024 | mdpi.com | Andrew C. Grizzle |Amy Elliott |Kate Klein |Pawan Tyagi

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Jan 18, 2024 | jdsupra.com | Shariff Barakat |Amy Elliott |Sam Guthrie

Guidance recently issued by the Department of the Treasury and the Internal Revenue Service (IRS) in proposed regulations (REG-117631-23) will (if held to be final) have a significant impact on green hydrogen projects in the United States. The proposed regulations include a very restrictive interpretation of what types of renewable energy must be used by a hydrogen-producing facility for the resulting hydrogen to qualify for the Section 45V hydrogen production tax credit.

Aug 15, 2023 | mynews13.com | Amy Elliott

RALEIGH, N.C. — The North Carolina Department of Transportation is starting two new initiatives in order to fill vacancies across the state. DOT officials say many of these job openings do not require a college degree.  What You Need To Know NCDOT looks to fill vacancies with on-the-job training, apprentice program Many pf the job openings do not require a college degree Officials say vacancies are due to retirements and promotionsMike Fisher has worked at the NCDOT for the last 20 years.