Eli Katz

Dec 18, 2024 | jdsupra.com | Eli Katz

The regulations provide important clarity around investment tax credits for biogas property, energy storage, and interconnection costs, and ease proposed aggregation rules for multiple properties. The Internal Revenue Service (IRS) and US Department of the Treasury (Treasury Department) issued regulations on the investment tax credit (ITC) rules that were finalized on December 12, 2024 (final regulations).

Feb 6, 2024 | jdsupra.com | Jean-Philippe Brisson |James Cole |Eli Katz

Proposed regulations clarify FEOC restrictions and clean vehicle tax credit compliance for manufacturers aiming to produce eligible EVs. As countries around the world accelerate the transition to clean energy, the race to gain shares in the electric vehicle (EV) manufacturing market is intensifying, with global sales of EVs rising 31% in 2023.[1] To facilitate increased production of EVs in the United States, President Biden signed into law the Inflation Reduction Act (IRA) on August 16,...

Feb 6, 2024 | lexology.com | Jean-Philippe Brisson |James Cole |Eli Katz |Qingyi Pan |Rob Thompson |Sam Wong | +1 more

Proposed regulations clarify FEOC restrictions and clean vehicle tax credit compliance for manufacturers aiming to produce eligible EVs. As countries around the world accelerate the transition to clean energy, the race to gain shares in the electric vehicle (EV) manufacturing market is intensifying, with global sales of EVs rising 31% in 2023.[1] To facilitate increased production of EVs in the United States, President Biden signed into law the Inflation Reduction Act (IRA) on August 16,...

Jun 30, 2023 | jdsupra.com | James Cole |Eli Katz |Isaac Maron

The proposed rules for monetizing tax credits should catalyze energy transition markets and offer an alternative to tax equity transactions. On June 14, 2023, the IRS issued proposed rules for how it intends to administer the tax credit transfer and direct payment programs in the Inflation Reduction Act, or the IRA (the Proposed Rules). Please see full Alert below for more information.  Download PDF

May 22, 2023 | jdsupra.com | James Cole |Eli Katz |Isaac Maron

IRS Notice explains how a renewable energy project may qualify for bonus tax credits by using American-made components. Key Points: ..All project components made primarily of steel or iron that perform a structural function in a project must be made from US-manufactured steel or iron. ..Products manufactured in the US that contain some non-US manufactured components may count only the cost of the US-manufactured components as domestic costs.