TAX

TL/DR - The U.S. Department of the Treasury and the Internal Revenue Service released Proposed Regulations on clean electricity production and investment tax credits, known as Tech-Neutral Credits, on May 29, 2024. These credits are key to the Biden Administration’s energy incentives in the Inflation Reduction Act of 2022 and will play an…

TL/DR - The article features a discussion between tax partners Christine Lane and Carina Federico over recent developments with the Inflation Reduction Act. Key takeaways from the discussion include topics such as the monetization of tax credits, unpacking bonus credits, timeline of finalized transferability regulations, and the importance of…

TL/DR - U.S. Treasury Secretary Janet Yellen is promoting new clean energy investments enabled by U.S. tax incentives as President Joe Biden struggles to earn voter recognition for the benefits. Yellen is touring a facility in North Carolina that processes lithium hydroxide, used in electric vehicle batteries. She highlighted that $614 billion…