Having first reported to our readers in February that LexisNexis had nominated the Stoel Rives Renewable + Law Blog for its Top 50 Environmental Law & Climate Change Blogs for 2011 award, we are pleased to announce we made the list of winners! In publishing its Top 50 list, LexisNexis declared that our Renewable +
Energy-Related Tax Proposals in President’s 2012 Budget
By William H. Holmes on
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…
Projects & Money 2011
By Julia Pettit on
As we approach the beginning of a new year, financing options for energy projects (both conventional and renewable) under the current economic conditions continue to be a challenge and a focal point for the energy industry. In order to gear up for financing opportunities in 2011, I, along with my colleagues Marcus Wood, Graham Noyes…
Energy Tax Law Alert: Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010
By William H. Holmes on
Posted in Tax
Congress yesterday passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the Act), which extends several expiring renewable energy and fuel tax incentives and includes some new incentives that could provide significant benefits to renewable energy projects. The President signed the Act earlier today. Among the more significant provisions in the…
House Passes Senate tax bill
By Greg Jenner on
Posted in Tax
As many of you have heard, this morning the House of Representatives passed the Senate compromise tax bill by a vote of 277-148. The bill now goes to the President for his signature.
For the renewables industry, this is extremely good news. The bill extends the deadline for beginning construction for the section 1603 grant…
Tax bill update
By Greg Jenner on
Posted in Tax
As some of you may have heard, the Senate today passed its version of the tax compromise by a vote of 81-19. The bill includes an extension of the deadline in section 1603 for beginning construction through 2011. The size of the majority is a strong signal to the House that the Senate may not…
Update on Tax Bill Negotiations
By Greg Jenner on
Posted in Tax
For those of you interested in the machinations in Congress over the tax cut extensions, especially concerning renewable energy, here is the latest:
Yesterday, the Senate released what it termed a "final compromise" bill. That bill should be voted on in the Senate very soon. It reflects negotiations within the Senate and between the Senate…
Reid-Baucus Tax Bill
By Greg Jenner on
Posted in Tax
Today, Majority Leader Harry Reid and Senate Finance Committee Chair Max Baucus released their proposal for a middle class tax cut. Although far from the final product, the bill gives us some insight into thinking on the Senate side.
From a renewable energy standpoint, the most important proposal is a one-year extension of the ITC…
Energy Tax Law Alert: ODOE Issues Final Administrative Rules
By William H. Holmes on
Posted in Tax
On November 24, 2010, the Oregon Department of Energy (“ODOE”) issued final permanent administrative rules (the “Permanent Rules”) relating to the Business Energy Tax Credit (“BETC”). For a description of the BETC generally, see our previous alerts on November 5, 2009, February 27, 2008, and July 2, 2007.
The Permanent Rules finalize…
Future of 1603
By Greg Jenner on
Posted in Tax
Updated at bottom
The following is a question I received, which I thought I would answer on the Blog:
Greg, as the expiration for the 1603 grant gets closer, two questions? 1) what are the chances of the grant being extended and 2) what are the modifications to the 1603 that you see coming January…