Insights & Resources

The first update since 1987 reflects technological advances in the energy industry and defines certain energy property added as part of the Inflation Reduction Act.

The biofuels industry suffered a blow in the Chemoil case which pitted the alcohol fuel mixture credit against the economic substance doctrine.

Transfer pricing is commonly viewed as an international issue, but certain state tax authorities are beginning to scrutinize domestic related-party transactions.

The IRS issued Notice 2023-65 on September 27, 2023, providing additional guidance on the §45L New Energy Efficient Home Credit. Learn more on this notice & credit.

Proposed Treasury regulations offer guidance on transferring IRA green credits with significant limitations on how credits will be treated for certain taxpayers.

The Texas House and Senate approved H.B. 3, a historic legislative package aimed at reducing property taxes & simplifying franchise tax reporting requirements.

Tax relief has begun landing in the mailbox for Colorado taxpayers eligible for an exemption from the state’s Retail Delivery Fee. Learn more.

The law, which takes effect Sept. 1, 2023, offers greater clarity for Bitcoin mining companies that use stranded and flared natural gas to power their operations.

The Oklahoma State legislature enacted H.B. 1039, which eliminates all corporate franchise tax fees and reporting requirements beginning for tax year 2024.

Those applying for the Qualifying Advanced Energy Project Credit must use the DOE eXCHANGE portal. It is now open for business. Contact Weaver if you have questions.

On June 14, Treasury and the IRS released much anticipated guidance on the transfer of certain credits in the form of proposed regulations.

The IRS issued additional detailed guidance via Notice 2023-44 for the Qualifying Advanced Energy Project Credit Allocation Program. Learn more.