Recent News

Tuesday, January 21, 2020

Legislation introduced in the Hawaii House of Representatives would clarify that a power purchase agreement approved by the state public utilities commission before Dec. 31, 2019, would receive a 35 percent investment tax credit up to the applicable cap amount of $500,000. The text of H.B.

Friday, January 17, 2020

Legislation in the Arizona Legislature would extend the state’s renewable energy production tax credit (PTC), while reducing the annual cap. H.B. 2290 would extend the sunset date for the state PTC by 10 years to Jan. 1, 2031, while decreasing the annual cap per taxpayer from $2 million to $200,000 beginning Jan. 1, 2021. The annual statewide cap would remain $20 million.

Friday, January 17, 2020

Legislation in the Virginia House of Representatives would create a state renewable energy investment tax credit (ITC). H.B.

Thursday, January 9, 2020

Rep. Tom Reed, R-N.Y., and five colleagues–two Republicans and three Democrats–introduced the Energy Sector Innovation Credit Act of 2019, which would create a technology-neutral tax credit for clean energy and storage. H.R. 5523 would create a tax credit for 30 percent of the basis of any qualified emerging energy property placed in service during a taxable year.

Wednesday, January 8, 2020

The Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation will publish their joint notice of proposed rulemaking for updated Community Reinvestment Act (CRA) regulations in Thursday’s Federal Register. The proposed CRA regulations were made public Dec. 12, 2019.

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