New Technology-Neutral Tax Credits for ITC and PTC Regimes: Application to Facilities, Rules and Requirements, Tax Equity
Note: CPE credit is not offered on this program
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will provide an in-depth analysis of the new technology-neutral tax credits for the production tax credit (PTC) and investment tax credit (ITC) under the recently enacted Inflation Reduction Act of 2022 (the Act). The panel will discuss key provisions of the Inflation Reduction Act, rules and requirements of the technology-neutral tax credit, and the impact to PTC/ITC for renewable energy projects, as well as provide a critical analysis of these rules and next steps for sponsors, developers, and investors.
Outline
- Overview of energy tax credit provisions under the Inflation Reduction Act
- Requirements for claiming PTC/ITC and impact of the new technology-neutral tax credit regime
- Avoiding mishaps that jeopardize PTC/ITC in light of the new technology-neutral tax credit regime
- Tax equity structuring considerations for renewable energy facilities and development
Benefits
The panel will review these and other key issues:
- Key tax credit provisions of the Inflation Reduction Act of 2022 for renewable energy
- Requirements for claiming the ITC and PTC and the impact of the new technology-neutral tax credit regime
- Key issues under the new rules and techniques to avoid mishaps
- Financing structures for renewable energy projects in light of the the Act
Faculty
Hilary Lefko
Partner
Norton Rose Fulbright US
Ms. Lefko focuses her practice on all areas of federal income tax law, with a particular emphasis on tax... | Read More
Ms. Lefko focuses her practice on all areas of federal income tax law, with a particular emphasis on tax controversy and renewable energy tax issues. She represents developers and investors in various energy and renewable energy projects, including transactions involving section 45 production tax credits for the production of electricity from renewable resources, including the purchase and sale of wind, open-loop biomass, landfill gas, geothermal and refined coal facilities. Ms. Lefko also advises on section 48 investment tax credits for solar projects, the Section 1603 Treasury Grant Program and other renewable energy incentives.
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Jorge Medina
Partner
Pillsbury Winthrop Shaw Pittman
Mr. Medina’s practice focuses on tax aspects of energy investment and financing transactions, including tax... | Read More
Mr. Medina’s practice focuses on tax aspects of energy investment and financing transactions, including tax equity investments in the renewables space. He regularly works on federal tax policy and controversy issues involving renewable energy, and he has extensive experience structuring tax-driven transactions. Prior to joining the firm, Mr. Medina was associate general counsel-tax at automotive and energy company Tesla Inc. He was primarily responsible for all tax issues across Tesla related to the energy and storage business. Mr. Medina previously served as Vice President and Deputy General Counsel at SolarCity, which Tesla purchased in 2016. He also previously worked at Dewey LeBoeuf and Sidley Austin, where he handled a wide range of U.S. tax matters, particularly those in the renewable energy, equipment leasing, and tax equity fields.
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