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That Sinking Feeling: IRS Energy ‎Communities Guidance May Limit Eligibility of Many ‎Offshore ‎Wind Projects | Locke Lord LLP - Vimarsana News

That Sinking Feeling: IRS Energy ‎Communities Guidance May Limit Eligibility of Many ‎Offshore ‎Wind Projects | Locke Lord LLP

In an ongoing series related to the Inflation Reduction Act (“IRA”), we have been looking at key provisions of the IRA with the potential to benefit the U.S. offshore wind industry. On...

Treasury Department and IRS Release Guidance on the Energy Community Bonus Credit | Bracewell LLP - Vimarsana News

Treasury Department and IRS Release Guidance on the Energy Community Bonus Credit | Bracewell LLP

The energy community bonus credit (the EC Bonus), which was introduced by the Inflation Reduction Act of 2022 (the IRA), provides a bonus credit for projects located in Energy...

Inflation Reduction Act Guidance: IRS And Treasury Release Guidance On The Energy Community Bonus Credit - Oil, Gas & Electricity - Vimarsana News

Inflation Reduction Act Guidance: IRS And Treasury Release Guidance On The Energy Community Bonus Credit - Oil, Gas & Electricity

On April 4, 2023, the Internal Revenue Service and the Department of the Treasury published Notice 2023-29, Energy Community Bonus Credit Amounts under the Inflation Reduction Act of 2022.

Source: mondaq.com
Is Rural America Struggling? It Depends on How You Define 'Rural' - Vimarsana News

Is Rural America Struggling? It Depends on How You Define 'Rural'

The Office of Budget and Management will release a new list of metropolitan and nonmetropolitan counties based on data from the 2020 Census, which is likely to toss formerly growing rural areas into metropolitan counties.

Treasury Quietly Changes Energy Community Guidance, Redefining Beginning of Construction Timing Rule | Vinson & Elkins LLP - Vimarsana News

Treasury Quietly Changes Energy Community Guidance, Redefining Beginning of Construction Timing Rule | Vinson & Elkins LLP

In what appears to have been an update to previously released guidance, the Department of Treasury (the “Treasury”) and Internal Revenue Service (the “IRS”) posted an unexpected update...