June 2024
Energy Tax Update
Pratt's Energy Law Report
Energy tax attorneys Amish Shah, Brad Seltzer, Nicole Elliott, Joshua Odintz, Roger Aksamit, Kenneth Parsons, Daniel Strickland, Bryan Marcelino, Mary Kate Nicholson, Eli Brander and Rachel Provencher co-authored an article included in Pratt's Energy Law Report about various energy tax updates enacted in the first quarter of 2024. The article summarizes rulings and guidance issued by the Internal Revenue Service (IRS) related to electric vehicles, direct payment of tax credits and carbon capture technology. It also briefly discussed the U.S. Tax Court's decision in 23rd Chelsea Associates LLC v. Commissioner and its impacts for low-income housing tax credit projects.
READ: Energy Tax Update