In what some commentators are calling the first of its kind, Maryland’s legislature has passed a bill that would allow taxpayers to claim a state income tax credit equal to 30% of the installed cost of an energy storage system. The bill would cap the credit amount at $75,000 for a commercial installation or $5,000
Dustin Swanson advises on federal, state, and local tax issues that affect businesses and individuals. His transactional practice encompasses a wide variety of issues, including entity formation, taxable and tax-free mergers and acquisitions, transactions involving pass-through entities such as LLCs, partnerships, and S corporations, and the development, financing, acquisition, and sale of tax credit projects. As part of his practice, Dustin regularly works with clients to identify and maximize federal, state, and local tax incentives.