Recent News

Monday, April 8, 2019

Rep. Mike Doyle, D-Pa., and two colleagues introduced legislation to expand the renewable energy investment tax credit (ITC) to included energy storage technology. The Energy Storage Tax Incentive and Deployment Act of 2019 would be effective for property placed in service after Dec. 31, 2018, and would subject storage technology to the phasedown of the ITC.

Friday, April 5, 2019

A group of 110 members of Congress sent a letter to House Ways and Means Committee Chairman Richard Neal, calling for any new tax legislation to include clean energy, including restoring and extending the renewable energy investment tax credit (ITC) and production tax credit (PTC).

Wednesday, March 13, 2019

Three Virginia bills to provide a 35 percent state income tax credit for nonresidential solar equipment in specific areas, including opportunity zones, failed to advance in the state Legislature.

Tuesday, March 12, 2019

Legislation to reestablish the state solar energy property tax credit in South Carolina was assigned to the Ways and Means Committee. S. 362 would create a tax credit for 25 percent of the cost of construction or lease of a solar energy property, including installation, but the credit would only be available to property that meets certain qualifications.

Monday, March 11, 2019

The Trump administration today released its proposed $4.7 trillion budget for fiscal year 2020, which proposes reductions in funding for the U.S. Department of Housing and Urban Development (HUD), including the elimination of the Community Development Block Grant (CDBG) and HOME Investment Partnerships programs and the Public Housing Capital Fund. The budget request includes $44.1 billion in gross HUD appropriations, a 16.4 percent cut from FY 2018 levels, and a $9.6 billion, or 18 percent cut from FY 2019, to support the core functions.

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Conference Workshop
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Novogradac 2019 Financing Renewable Energy Tax Credits Conference Parc 55 San Francisco, a Hilton Hotel May 23-24, 2019