The Obama Administration last week released its proposed budget for 2012, which includes a number of tax proposals that could have a direct impact on the financing of renewable energy projects. Some of the more significant proposals include extension of the grant in lieu of tax credits, an additional allotment of qualified advanced energy manufacturing project credits, replacement of the deduction for energy-efficient commercial buildings with a tax credit, and an extension of the new markets tax credit.

For a more thorough discussion of these and other proposals, click here .

Please contact one of the attorneys listed below if you have questions.

Chris Heuer at (503) 294-9206 or
Greg Jenner at (612) 373-8857 or
Adam Kobos at (503) 294-9246 or
Carl Lewis at (206) 386-7688 or
Kevin Pearson at (503) 294-9622 or

IRS Circular 230 notice: Any tax advice contained herein was not intended or written to be used, and cannot be used, by you or any other person (i) in promoting, marketing or recommending any transaction, plan or arrangement or (ii) for the purpose of avoiding penalties that may be imposed under federal tax law.