Recent News

Thursday, April 22, 2021

The Iowa Department of Revenue adopted amendments to the state’s solar energy system tax credits, effective May 26. The rules pertain to the relationship between Iowa’s solar energy system tax credit and federal energy credits. They also include a table of Iowa tax credit rates based on the solar property involved, the calendar year that construction starts and when the property is placed in service.

Wednesday, April 21, 2021

Sen. Ron Wyden, D-Ore., and 24 Democratic senators introduced legislation to consolidate current energy tax incentives into emissions-based incentives that would be available to all energy technologies that meet emissions reduction goals. The Clean Energy for America Act would create a production tax credit of up to 2.5 cents per kilowatt hour or an investment tax credit of up to 30% for any new zero-emissions facility.

Wednesday, April 7, 2021

The U.S. Department of Treasury today released the Made in America Tax Plan report, providing additional details on the infrastructure plan announced March 31 by President Joe Biden’s administration. The description includes a statement that there would be “a marked increase in the resources available through the low-income housing tax credit [LIHTC] and other housing incentives,” but the report focuses on renewable energy provisions.

Wednesday, March 31, 2021

The Biden administration today released a fact sheet on its $2.25 trillion infrastructure proposal.

Tuesday, March 30, 2021

Three U.S. Senators introduced legislation this week to allow for temporary refundability of renewable energy investment tax credits (ITCs) and production tax credits (PTCs) due to the COVID-19 pandemic. The Save America’s Clean Energy Jobs Act would apply to properties that begin construction before Jan. 1, 2023, and are placed in service after March 25, 2021. The bill’s sponsors are Sens. Tom Carper, D-Delaware, Sheldon Whitehouse, D-Rhode Island, and Martin Heinrich, D-New Mexico.

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