Jamie Wickett

Dec 11, 2023 | lexology.com | Jamie Wickett |Kelly Shaw |Michael Bell

On Friday, December 1, 2023, the U.S. Department of Energy (DOE) and U.S. Department of Treasury concurrently released long-anticipated proposals regarding the “Foreign Entity of Concern” (FEOC) exclusion—a key provision relevant to electric vehicles under the Inflation Reduction Act of 2022 (IRA) and DOE grants under the Infrastructure Investment and Jobs Act of 2021 (IIJA).

Dec 11, 2023 | hoganlovells.com | Jamie Wickett |Kelly Shaw |Mike Bell |Ches Garrison

On Friday, December 1, 2023, the U.S. Department of Energy (DOE) and U.S. Department of Treasury concurrently released two long-anticipated Notices of Proposed Rulemakings regarding the “Foreign Entity of Concern” (FEOC) exclusion—a key provision relevant to electric (EVs) and other clean vehicle tax credits under the Inflation Reduction Act of 2022 (IRA) and DOE grants under the Infrastructure Investment and Jobs Act of 2021 (IIJA).

Jun 22, 2023 | lexology.com | Jamie Wickett |Ches Garrison

On Wednesday, June 14, the Department of Treasury and the Internal Revenue Service (IRS) issued proposed regulations (the “Proposed Regulations”) on the Inflation Reduction Act’s (IRA) two new credit delivery mechanisms for certain credits, (i) elective pay (“direct pay”) (NPRM REG-101607-23) and (ii) transferability (NPRM REG-101610-23). The following provides a brief summary of the key provisions of each.