Tax equity, largely provided by domestic banks, has been a critical financing source for clean energy projects. The Inflation Reduction Act (IRA) extended and expanded the use of federal tax incentives to various renewable and carbon emission reduction technologies as well as the domestic manufacturing of advanced energy equipment.
Monetizing Energy Tax Credits: A Guide to Transferability and Tax Equity Transactions
The Inflation Reduction Act (IRA) included a range of energy tax credits designed to encourage transitioning to clean energy production, advanced manufacturing, the adoption of clean vehicles (CVs), and reduced greenhouse gas emissions through alternative fuels and energy-efficient technologies.
Locust Grove Council Accepts Donation of Conserved Property by a Webb Creek Managed Entity
The Locust Grove City Council voted at its March 9 regular meeting to accept a donation of conservation land from a portion of an existing subdivision. The vote was unanimous. According to a city staff report, developers inquired about the city obtaining a partially developed phase of the Jubilee subdivision.
Coalition Letter: Tax Administration Must Be Clear and Fair For Conservation Easements
Dear Secretary Yellen:
On behalf of the undersigned organizations, which advocate for millions of taxpayers across America, we write first to offer our congratulations and best wishes to you as the new Secretary of the United States Treasury.
Open Season – Again – On Conservation-Minded Taxpayers
This week marked the 50th Anniversary of Earth Day, a time when we are all reminded about what we can do to help nurture our planet. Apparently the Internal Revenue Service didn’t get the memo.
The Environment and Taxpayers Need IRS Guidance on Conservation Easements
The Internal Revenue Service recently took important steps on a number of issues, including carbon capture tax credits, opportunity zones and even cryptocurrency.
Webb Creek Facilitates Donation of Land to Hatfield McCoy Regional Recreation Authority
In 2019, Webb Creek managed partnerships donated approximately 1,882 acres of property to the Hatfield McCoy Regional Recreation Authority in Fayette County, West Virginia. The Authority is comprised of over 250,000 acres of land and operates over 700 miles of outdoor trails.
National Taxpayer Advocate Recommends Stronger Safeguards for Conservation Deduction
The passage of last year’s Taxpayer First Act represented a rare bipartisan accomplishment in Washington. The bill made significant steps forward in commonsense reforms to the IRS, including strengthening taxpayers’ right to appeal and modernization efforts that are long past due.
More Government Missteps on Conservation Easement Deductions
A fundamental principle of our system is that laws and policies should change only with sufficient public input—and notice.
IRS and Congress Waging Misguided War on Environmental Tax Deduction
Enormous bipartisan progress has been made in recent decades on environmental conservation, a policy area that has evolved as the country has grown, and its needs have changed.