Philip Tingle
Subscribe to Philip Tingle's PostsPhilip (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.
Key Energy-Related Tax Provisions in the 2017 Budget Proposal
By McDermott Will & Emery, Heather Cooper and Philip Tingle on Feb 23, 2016
Posted In Environmental, Natural Gas, Renewables, Tax, U.S. Congress
President Obama’s recently released budget proposal for the 2017 fiscal year repeats many of his past energy-related tax proposals, including a permanent extension of the renewable energy production tax credit and a provision making it refundable. Making the production tax credit permanent and refundable signals the administration’s continued strong support for renewable energy. This On...
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What Must Be Done for Wind and Solar Projects to Have “Begun Construction” under the New PTC and ITC?
By McDermott Will & Emery, Heather Cooper, Kevin Spencer and Philip Tingle on Feb 5, 2016
Posted In Project Development and Finance, Renewables, Tax
With the recent extension of the federal income tax credits available for renewable energy projects, practitioners and industry participants have raised questions as to how the “begun construction” rules will apply under these new regimes. The new regimes refer to the dates on which construction on projects began for purposes of determining qualification for the...
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Extension of Renewable Energy Tax Incentives
By Philip Tingle, McDermott Will & Emery, Heather Cooper and Kevin Spencer on Jan 14, 2016
Posted In Environmental, Renewables, U.S. Congress
On December 18, 2015, President Barack Obama signed into law the Consolidated Appropriations Act, 2016 (H.R. 2029) (the Act), which included welcomed extensions to a number of energy tax incentives. The legislation includes multi-year extensions of the Section 45 Production Tax Credit (the PTC) and the Section 48 Investment Tax Credit (the ITC) for wind and...
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IRS Issues Additional Guidance on Beginning of Construction Rules for Renewable Projects
By McDermott Will & Emery, Heather Cooper and Philip Tingle on Mar 23, 2015
Posted In Renewables, Tax
The Internal Revenue Service issued Notice 2015-25 on March 11, 2015, to provide further guidance on meeting the beginning of construction requirements for wind and other qualified facilities. The Notice extends the date by which a facility can meet the beginning of construction deadline to correspond with the extension of Code Section 45 passed by...
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Key Energy-Related Tax Provisions in the 2016 Budget Proposal
By McDermott Will & Emery, Heather Cooper and Philip Tingle on Feb 24, 2015
Posted In Renewables, Tax
President Obama’s recently released budget proposal for the 2016 fiscal year repeats many of his past energy-related tax proposals, including a permanent extension of the renewable energy production tax credit and a provision making it refundable. Making the production tax credit permanent and refundable signals the administration’s continued strong support for renewable energy. This Special...
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Comparison of Key Energy-Related Tax Provisions in the President’s 2015 Budget Proposal and the Camp and Baucus Proposals
By McDermott Will & Emery, Philip Tingle, McDermott Will & Emery and McDermott Will & Emery on Apr 14, 2014
Posted In Renewables, Tax, U.S. Congress
President Obama’s recently released budget proposal for the 2015 fiscal year contains energy-related tax provisions that include a permanent extension of the production tax credit (PTC) and a provision making it refundable. The recently released discussion draft of the Tax Reform Act of 2014 from House Ways and Means Committee Chairman Dave Camp also contains...
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Baucus Proposes Reforms to Energy Tax Incentives
By Philip Tingle and McDermott Will & Emery on Dec 19, 2013
Posted In Environmental, Project Development and Finance, Renewables, Tax, U.S. Congress
Senate Finance Committee Chairman Max Baucus (D-MT) released a proposal on December 18 that would streamline energy tax incentives to make them more predictable and technology-neutral. The proposal consolidates several different energy tax incentives into just two tax credits: one for electricity and one for transportation fuels. The proposed provisions would allow facilities placed in...
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