The DOE eXCHANGE portal for Qualifying Advanced Energy Project 48C Credit Program is now open. Projects applying for the first allocation round of $4 billion of the Qualifying Advanced Energy Project Credit (Section 48C) investment credit must use this portal, or any successor portal, to…
Whether your company is just beginning to consider the benefits of getting involved in green energy segments or you’re a current player seeking to expand your markets, it will be important to have an understanding of the
Whether your company is just beginning to consider the benefits of getting involved in green energy segments or you’re a current player seeking to expand your markets, it will be important to have an understanding of the
Whether your company is just beginning to consider the benefits of getting involved in green energy segments or you’re a current player seeking to expand your markets, it will be important to have an understanding of the
Whether your company is just beginning to consider the benefits of getting involved in green energy segments or you’re a current player seeking to expand your markets, you need to understand how greenhouse gases, or GHGs, work. This article covers the basic information about greenhouse gas
The IRS has issued guidance on new sustainable aviation fuel tax credits that take effect on January 1, 2023. The guidance, Notice 2023-06, includes the following:
Definitions of which products qualify as sustainable aviation fuel Use of CORSIA to determine the GHG emissions factor for the…
The IRS has published Superfund tax rates for 121 taxable substances subject to the tax under section 4671 of the Internal Revenue Code.
A list of taxable substances is included below and accessible through IRS release IR-2022-133 and also in IRS Notice 2021-66.
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In recent months, a number of states have enacted legislation to temporarily suspend the motor fuels tax. Weaver will monitor these actions and update this post regularly.
Updated December 12, 2022
Connecticut Extends Motor Fuel Tax Suspension Through November 2022Connecticut…
Several tax refund cases concerning Alternative Fuel Tax Credits and fuel mixtures could have a significant impact on the use of butane in alternative fuel blending. The Fifth Circuit Court of Appeals has upheld the decision of the District Court for the Southern District of Texas in Vitol Inc.…
Recent IRS guidance on registration tests for certain Form 637, Application for Registration (For Certain Excise Tax Activities), impacts taxpayers who are required to obtain a “G” registration under the reinstated Superfund Tax (effective July 1, 2022).
The Internal Memorandum updates…
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