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Renewable Energy Law Developments – American Bar Association Section of Public Utility, Communications and Transportation Law – Renewable Energy Committee

This report from the Renewable Energy Committee of the American Bar Association Section of Public Utility, Communications and Transportation Law looks at recent renewable energy law developments. The report begins by noting that “The past few years have seen a shift in public attention, public...

Senate Jobs Bill Resuscitates Alternative Fuel Credit

Senate Finance Committee Chairman Max Baucus, D-Mont., and Ranking Member Chuck Grassley, R-Iowa, last week released a draft of their Hiring Incentives to Restore Employment (HIRE) Act . The bill contains a number of provisions intended to spark new hiring, including a social security tax holiday...

Senate Expected to Vote on Biodiesel and Alternative Fuel Tax Credit Extensions this Week

On Friday, March 5, 2010, Senate Majority Leader Harry Reid (D. NV) filed a motion for cloture on H.R. 4213 , the House tax extenders bill, which includes an extension of the biodiesel tax credit and alternative fuel mixture tax credit programs through December 31, 2010. The Senate is expected to vote...

Alternative Fuels Industry Still Waiting for Tax Extenders Reconciliation

After the House and Senate passed bills including an extension of the alternative fuel mixture and biodiesel tax credit program , alternative fuel producers assumed that Congress would act quickly to put the legislation into a form that could be signed by the President. It has been more than two...

Renewable Energy: Portfolio Standards Free Download

Renewable portfolio standards (RPS) obligate retail sellers of electricity to include in their energy resource portfolios certain minimum amounts of electricity from qualifying renewable energy sources. To help you understand the basics of RPS programs, which effectively reduce the amount of greenhouse...

Extension of Liquid Fuel Tax Credits Still Not Resolved

Both the Senate and the House have passed bills that would extend for one year the $1-per-gallon tax credit for alternative biofuels and biodiesel but the chairman of the House Ways and Means Committee, Representative Sander Levin (D-MI), said recently that it may be Memorial Day before differences in...

House Passes Tax Extenders Bill: Biodiesel and Fuel Mixture Credit Extensions Included

The House on Friday by a narrow margin passed H.R. 4213, extending various unemployment benefits and stimulus programs along with a basket of tax credits that included the biodiesel tax credit and the alternative fuel mixture credit . (House Committee bill summary ). Although both liquid fuel credits...

Arizona Extends Energy Tax Breaks for Solar

Arizona recently extended its sales tax exemption and investment tax credit for solar energy devices installed within the state. The sales tax exemption was set to expire and has now been extended to 2016. The investment tax credit has been extended through 2018. The legislation (Arizona H.B. 2700...

Cadwalader Clients & Friends Memo: Investment in Alternative Energy After the End of Cash Grants

The cash grant program for renewable energy expires at the end of this year. When cash grants end, renewable energy projects will once again rely on "tax equity investors" to offer lower-cost financing in exchange for the tax credits and accelerated depreciation that are available to investments...

Marten Law: Tax Legislation Sets Up Race to "Begin Construction" of Renewables Facilities by Year-End

By Richard Allan , Partner, Marten Law PLLC As part of the American Taxpayer Relief Act of 2012, Congress extended eligibility for tax credits for renewable energy projects through the end of 2013, provided developers "begin construction" before the end of the year. Because the Act gives...