Joshua David Odintz

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.

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.

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.

Aug 7, 2024 | lexology.com | Amish Shah |Nicole Elliott |Bradley Seltzer |Elizabeth C. Crouse |Roger David Aksamit |Joshua David Odintz

Eyes on Energy Tax Update is a regular publication of the Holland & Knight Renewable and Alternative Energy Tax Team that provides highlights of important developments. The Renewable and Alternative Energy Tax Team also issues more in-depth publications on certain developments. To subscribe to these publications, please add yourself to our Renewable Energy list. All of this information can also be found on Holland & Knight's Inflation Reduction Act Tax Resource Library.

Jul 16, 2024 | lexology.com | Jessica Kirk |Lee S. Meyercord |Joshua David Odintz |Abbey Benjamin Garber |Kate Minnich |Mary McNulty

The U.S. Department of the Treasury and IRS on July 11, 2024, issued proposed regulations that would classify certain basket contract transactions as listed transactions. Taxpayers and material advisers participating in listed transactions must comply with disclosure and recordkeeping requirements and are subject to penalties for failure to comply.