A “bipartisan, bicameral” framework also contains other provisions. Senator Ron Wyden of Oregon, chairman of the Senate Finance Committee, and Representative Jason Smith of Missouri, who chairs the…
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IRS Releases Clean Energy Investment Tax Credit
The agency publishes guidance documenting details for investors. The Internal Revenue Service (IRS) has released guidance that outlines the requirements for receipt of the clean energy tax credit.…
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DOE Opens Solar and Wind Tax Credit for Low-Income Communities
Applications are now open to receive bonus investment credits. The Department of Energy (DOE) recently opened applications for their Low-Income Communities Bonus Credit Program. Eligible organizations can apply…
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Treasury Releases Final Guidance for Coal Town Transition Credits
The department gives a 10% tax credit boost to domestic “energy communities”. The Department of the Treasury released its final guidance for clean energy project tax credits solidifying…
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Treasury Moves to Make More EVs Eligible for Tax Credits
The department will use EPA consumer guide instead of the Corporate Average Fuel Economy. The Department of the Treasury has announced the expansion of the electric vehicles eligible…
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IRS to Increase Standard Deductions for 2023
They are responding to pressures of inflation. The Internal Revenue Service announced Tuesday that it is raising the income threshold for all tax brackets and will also increase…
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Treasury Seeks Public Input for Climate Tax Breaks
Feedback is requested on the use of the $270 billion allocation. The Treasury Department published a request for public input this past week, seeking insights on how best…
Read MoreEnergy Secretary Says Billions Needed for Power Grid Upgrade
She states electric vehicles need grid support. Secretary of Energy Jennifer Granholm says billions of dollars in upgrades are needed to the American power grid to prepare for…
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Senate Working on Climate Deal Before August Recess
The majority members urge compromise and bipartisanship. Members of the Senate have been negotiating a bill to address climate change for some time, maintaining conversations with key centrists…
Read MoreSenate Group Reviews Clean Energy Tax Cuts
Discusses potential legislation for U.S. energy independence. Around a dozen bipartisan senators met last week to go over an extensive list of proposed tax credits meant to encourage…
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