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Congress Updates US Energy Policy, Incorporates Energy-Related Tax Provisions Through Consolidated Appropriations Act, 2021 | Morgan Lewis

To embed, copy and paste the code into your website or blog: The US Congress has adopted the first extensive update to US federal energy policies in over a decade in the Energy Act of 2020 (Energy Act), which President Donald Trump signed into law on December 27 as part of the Consolidated Appropriations Act, 2021. The Consolidated Appropriations Act also includes the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Taxpayer Act), which includes tax provisions important to the energy se...
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Congress Extends Renewable Energy Tax Credits in 2021 Omnibus Spending Bill | Sheppard Mullin Richter & Hampton LLP

To embed, copy and paste the code into your website or blog: As Congress was completing final negotiations of the stimulus package dealing with the public health and economic impacts of the coronavirus pandemic, several key energy provisions made their way into the 5593-page omnibus spending bill passed by the House and Senate on December 21, 2020, particularly much needed extensions of several renewable energy and energy efficiency tax incentives.  Specifically, the Consolidated Appropriation...
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Significant Energy Legislation Poised to Become Law with COVID-19 Relief

Significant Energy Legislation Poised to Become Law with COVID-19 Relief USA December 23 2020 The Consolidated Appropriations Act, 2021 (Act), which passed both chambers of Congress on December 21, 2020, for the purpose of funding the government in fiscal year (FY) 2021 and providing COVID-19 relief, also included the most comprehensive bipartisan energy and climate legislation of the past decade. If signed into law, the legislation authorizes over $35 billion for the development of various cle...
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