Changes to the energy credits proposed in the Tax Cuts and Jobs Act could impact the eligibility of renewable energy projects that had been relying on the guidance previously issued by the Internal Revenue Service.
Initial Republican Tax Reform Proposal Includes Tax Cuts and Changes to Energy Credits
By McDermott Will & Emery, Heather Cooper, Kevin Spencer, Martha Groves Pugh and Philip Tingle on November 3, 2017
Tags: begun construction, continuous construction requirement, Internal Revenue Service, IRS, IRS Notices, ITC, orphan tax credits, PTC, PTC inflation factor, qualified property, renewable energy facilities, Section 199, Section 45 Production Tax Credit, Section 48 Investment Tax Credit, Tax Cuts and Jobs Act


Heather Cooper works on federal income tax matters, with a focus on energy tax issues. She represents clients in restructurings, mergers and acquisitions, and other transactional energy related matters. Heather's national practice includes advising on all aspects of renewable energy transactions such as solar and wind projects. She provides advice on tax equity structures, refinancings, acquisitions and dispositions, restructurings and workouts. Read Heather Cooper's full bio.

Kevin Spencer focuses his practice on tax controversy issues. Kevin represents clients in complicated tax disputes in court and before the Internal Revenue Service (IRS) at the IRS Appeals and Examination divisions. In addition to his tax controversy practice, Kevin has broad experience advising clients on various tax issues, including tax accounting, employment and reasonable compensation, civil and criminal tax penalties, IRS procedures, reportable transactions and tax shelters, renewable energy, state and local tax, and private client matters. After earning his Master of Tax degree, Kevin had the privilege to clerk for the Honorable Robert P. Ruwe on the US Tax Court. Read Kevin Spencer's full bio.

Martha (Marty) Groves Pugh advises clients on federal income tax issues with a particular emphasis on the nuclear and energy industries. Marty has helped clients seek and receive many private letter rulings and has extensive experience in drafting legislative language for tax proposals and interacting with the US Department of Treasury and the Internal Revenue Service on important industry issues. Her practice also includes tax planning for proposed transactions and advising clients on audits, appeals and litigation issues. Read Martha Groves Pugh's full bio.

Philip (Phil) Tingle represents energy companies such as utilities, independent power producers and financial institutions on a wide range of energy tax-related matters. He is the global head of the Firm's Energy Advisory Practice Group. Phil provides advice regarding all aspects of renewable-energy projects, including tax equity structures, refinancings, acquisitions and dispositions, restructurings and workouts. He has extensive experience with the production tax credit and with the application of renewable credits to new technologies. Moreover, he works with the investment tax credit for numerous kinds of solar projects. Read Philip Tingle's full bio.
Related Posts
- IRS Provides Relief for Offshore Wind and Federal Land Projects
- COVID-19 Stimulus Bill Includes Key Renewable Energy Tax Credits
- IRS Provides Relief on Begin Construction Continuity Requirements
- Why 2030 is the New 2050 after the Leaders Climate Summit and What President Biden’s Accelerated Transition to a Sustainable Economy Means for Renewables Developers, Investors and Corporates
- US Senate Committee Introduces Clean Vehicle Charging Legislation
BLOG EDITORS
STAY CONNECTED
TOPICS
ARCHIVES
RECENT POSTS
- Key Takeaways | Update on the Solar Circumvention Proceeding and Discussion of Possible Comments in Response to Commerce’s Recent Memo
- Key Takeaways: Risks, Opportunities and Disclosures in the Era of Climate Change
- Key Takeaways | Keeping the Lights On: Cyber Threat, Vulnerability and Oversight Considerations for the Energy Sector
- Key Takeaways | Commercial, Legal and Policy Responses to Commerce’s Anticircumvention Investigation
- Key Takeaways | African Markets and Opportunities for Cross-Border Investments in Renewable Energy

