On June 14, 2023, the IRS released proposed regulations and additional guidance describing rules for applicable taxpayers to benefit from investments in renewable energy projects through a direct payment of the tax credit amount or by transferring (i.e., selling) the tax credit to an unrelated taxpayer in exchange for cash.
Taxpayers seeking direct payment or
The 2023 Chambers USA Guide recognized the Energy & Natural Resources Practice of global law firm Greenberg Traurig, LLP on its nationwide list. The UK-based publisher, Chambers and Partners, selects attorneys and practice areas for inclusion constructed from more than 47,000 interviews with practicing lawyers and clients around the world. GT’s Energy Practice ranked in six related
Greenberg Traurig Shareholder Thomas R. Brill will present at the California Hydrogen Leadership Summit, hosted by the California Hydrogen Business Council. Tom will speak on the topic of “Hydrogen for Reliable and Resilient Electrical Grids” on Tuesday, June 20 from 9:15am – 10:00am PT.
The summit, sponsored by Greenberg Traurig, will explore the policies,
Greenberg Traurig cordially invites you to join a webinar focusing on the EU Carbon Border Adjustment Mechanism (CBAM) Regulation.
Thursday, June 8, 202310-11 a.m. ET | 4-5 p.m. CETREGISTERCBAM is an EU regulation that will apply as of October 2023, that will require companies importing cement, electricity, hydrogen, fertilizers, iron, steel, aluminum, and other
The Chambers USA 2023 Guide recognized the Environmental Practice of global law firm Greenberg Traurig, LLP on its nationwide list of the top 32 environment practices in the country. Greenberg Traurig elevated its Environmental Practice national ranking by one band.
“This really is a continuing signal of achievement of 100 lawyers in our practice group,”
On May 31, 2023, the IRS released Notice 2023-44, which provides additional guidance for applicants seeking allocations of the Qualifying Advanced Energy Project Credit under Section 48C of the Internal Revenue Code (a “Section 48C credit”). The Section 48C credit program governs the allocation of $10 billion in U.S. federal income tax credits available
The Internal Revenue Service issued proposed regulations on May 31, 2023, for the Low-Income Communities Bonus Credit Program under Section 48(e) of the Internal Revenue Code. The proposed regulations provide more details on the procedures and criteria of the application process for entities to be able to receive increased U.S. federal income tax credits for
On May 22, 2023, the Lower Colorado Basin States comprised of California, Arizona, and Nevada agreed to voluntarily conserve three million acre-feet of water over the next three years. This compromise is a result of pressure from the federal government for these states to voluntarily reduce their water allocations from the Colorado River due to the
The U.S. Supreme Court has sided with the Sacketts against the Environmental Protection Agency to narrow the Clean Water Act.
On May 23, Greenberg Traurig is hosting part 2 of our webinar series on Environmental, Health and Safety. COVID-19, economic and logistical challenges, and a new administration have unleashed significant changes on the regulated community. To better understand and help prepare for these challenges and changes, Greenberg Traurig has joined with industry consultants, community advocates,