Renewable Energy Projects: Maximizing Production and Investment Tax Credits After Newly Released IRS Guidance
Navigating the Construction, Master Contracts and Transfers of Facilities Requirements
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will examine the new IRS guidance on the production tax credit (PTC) and the investment tax credit (ITC) for renewable energy projects. The panel will discuss the construction, master contracts and transfers requirements, and offer best practices for taking advantage of the PTC and ITC.
Outline
- New IRS guidance
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Requirements for tax credits
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Beginning construction
- Physical work
- 5% safe harbor
- Continuous construction and continuous efforts
- Master contracts
- Transfers of facilities
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Beginning construction
- Best practices and strategic tax planning
Benefits
The panel will review these and other key questions:
- What clarifications did the recent IRS guidance offer on the expanded safe harbor for renewable energy projects?
- What steps should counsel advise companies to meet the begin construction requirements?
- What best practices should counsel employ to take advantage of the PTC and ITC for clients?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty
Gregory F. Jenner
Partner
Stoel Rives
Mr. Jenner advises and represents clients on a wide range of tax transactions and issues. He heads the firm’s... | Read More
Mr. Jenner advises and represents clients on a wide range of tax transactions and issues. He heads the firm’s Washington, D.C., office, is a partner in the tax practice group and is a past co-chair of the firm’s energy team. Greg first came to Stoel Rives out of law school, returning to the firm in 2008 after three tours of duty in the government and significant private practice experience. He has ten years of combined experience at Treasury and on Capitol Hill. This experience provides him with unique and invaluable insights into legislative, tax policy, and budget processes, which in turn translates into value for the firm’s clients. He was privileged to serve as both Acting Assistant Secretary of the U.S. Treasury for Tax Policy (2004) and Deputy Assistant Secretary for Tax Policy (2002‑2004). As Acting Assistant Secretary, he directed the Treasury’s Office of Tax Policy, which is responsible for providing the Administration with policy analysis, advice and recommendations relating to all aspects of domestic and international issues of federal taxation. He advised President Bush and Secretaries Snow and O’Neill on tax policy issues, including launching the Administration’s review of fundamental tax reform.
CloseKevin T. Pearson
Partner
Stoel Rives
Mr. Pearson is a partner and the chair of the firm’s Executive Committee. His practice focuses principally on... | Read More
Mr. Pearson is a partner and the chair of the firm’s Executive Committee. His practice focuses principally on federal income tax law, including both transactional matters and tax controversy matters. As part of his transactional practice, he regularly advises clients regarding all aspects of corporate taxation, including taxable and tax-free mergers and acquisitions, debt and equity offerings and other corporate finance transactions, consolidated return issues, and general corporate tax issues. He also regularly represents clients with respect to partnership, S corporation, and limited liability company transactions and tax issues, as well as choice-of-entity issues, tax accounting issues, and general tax planning issues. He frequently represents clients in renewable energy financing transactions, particularly those involving the federal production and investment tax credits. In addition, he advises both taxable and tax-exempt health care clients with respect to all types of tax, business, and financial matters. As part of his tax controversy practice, he regularly represents taxpayers in IRS audits and administrative appeals, deficiency litigation in the U.S. Tax Court, and refund litigation in U.S. District Courts and the U.S. Court of Federal Claims.
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