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Jul 17, 2024 | 
mondaq.com | Daniel Kiely |Isaac Maron |Kyoolee C. Park |Warren Payne
While we await the outcome of the upcoming US elections,
stakeholders in the energy tax and policy space should recognize
that, regardless of the outcome of the election, there will be
plenty of activity in the energy sector in the year to come. As
noted in our previous Legal Update, 2025 will bring the
largest tax policy debate in the country's history. Perhaps no
individual sector of the economy could see more changes coming out
of that debate than the energy sector.
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Jul 16, 2024 | 
lexology.com | Meaghan Connors |Daniel Kiely |Isaac Maron |Kyoolee C. Park |Warren Payne
While we await the outcome of the upcoming US elections, stakeholders in the energy tax and policy space should recognize that, regardless of the outcome of the election, there will be plenty of activity in the energy sector in the year to come. As noted in our previous Legal Update, 2025 will bring the largest tax policy debate in the country’s history. Perhaps no individual sector of the economy could see more changes coming out of that debate than the energy sector.
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May 30, 2024 | 
mondaq.com | Michelle Jewett |Daniel Kiely |Kyoolee C. Park |Warren Payne
On May 3, 2024, the US Department of the Treasury
("Treasury") and the Internal Revenue Service
("IRS") issued final regulations (T.D. 9995) concerning the clean vehicle credit
under Section 30D of the Internal Revenue Code (the
"Code"),1 as amended by the Inflation
Reduction Act ("IRA") and the previously owned clean
vehicle tax credit under Section 25D of the Code (the "Final
Regulations").
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May 29, 2024 | 
jdsupra.com | Michelle Jewett |Daniel Kiely |Kyoolee C. Park
On May 3, 2024, the US Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued final regulations (T.D. 9995) concerning the clean vehicle credit under Section 30D of the Internal Revenue Code (the “Code”),1 as amended by the Inflation Reduction Act (“IRA”) and the previously owned clean vehicle tax credit under Section 25D of the Code (the “Final Regulations”).
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May 14, 2024 | 
mondaq.com | Michelle Jewett |Daniel Kiely |Warren Payne |Kyoolee C. Park
On April 25, 2024, the US Department of the Treasury ("Treasury") and the Internal Revenue Service ("IRS") issued final regulations (T.D. 9993) (the "final regulations under section 6418") concerning the election to transfer certain tax credits under section 6418 of the Internal Revenue Code (the "Code").1 This follows the recent issuance on March 6, 2024, of final regulations (T.D. 9988) (the "final regulations under section 6417") concerning the direct pay of certain tax credits under...
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May 10, 2024 | 
jdsupra.com | Michelle Jewett |Daniel Kiely |Kyoolee C. Park
On April 25, 2024, the US Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued final regulations (T.D. 9993) (the “final regulations under section 6418”) concerning the election to transfer certain tax credits under section 6418 of the Internal Revenue Code (the “Code”).1 This follows the recent issuance on March 6, 2024, of final regulations (T.D. 9988) (the “final regulations under section 6417”) concerning the direct pay of certain tax credits under...
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May 8, 2024 | 
lexology.com | Michelle Jewett |Daniel Kiely |Warren Payne |Kyoolee C. Park
On April 25, 2024, the US Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued final regulations (T.D. 9993) (the “final regulations under section 6418”) concerning the election to transfer certain tax credits under section 6418 of the Internal Revenue Code (the “Code”).1 This follows the recent issuance on March 6, 2024, of final regulations (T.D. 9988) (the “final regulations under section 6417”) concerning the direct pay of certain tax credits under...
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May 3, 2024 | 
mondaq.com | Warren Payne |Kyoolee C. Park
2025 may well be the most consequential year in the history of
US tax policy, at least since the establishment of the income tax
through the 16th Amendment in 1913. While the US has a long history
of enacting tax policies that sunset or expire on a specified date,
thus putting the onus on subsequent Congresses to negotiate
extensions of these tax policies, the country has never faced the
number, size, and breadth of expiring or changing tax policies that
it does in 2025.
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May 1, 2024 | 
jdsupra.com | Kyoolee C. Park |Warren Payne
2025 may well be the most consequential year in the history of US tax policy, at least since the establishment of the income tax through the 16th Amendment in 1913. While the US has a long history of enacting tax policies that sunset or expire on a specified date, thus putting the onus on subsequent Congresses to negotiate extensions of these tax policies, the country has never faced the number, size, and breadth of expiring or changing tax policies that it does in 2025.
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Apr 30, 2024 | 
lexology.com | Warren Payne |Kyoolee C. Park
2025 may well be the most consequential year in the history of US tax policy, at least since the establishment of the income tax through the 16th Amendment in 1913. While the US has a long history of enacting tax policies that sunset or expire on a specified date, thus putting the onus on subsequent Congresses to negotiate extensions of these tax policies, the country has never faced the number, size, and breadth of expiring or changing tax policies that it does in 2025.
