The House Ways and Means Committee cleared $3.8 trillion in tax proposals on Wednesday morning by a party-line 26-19 vote after working all night and batt| www.projectfinance.law
On March 31, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued proposed regulations regarding the section 30D consumer tax credit available for the purchase of a new electric or fuel cell vehicle (the Proposed Regulations),1 following a request for comments the IRS issued in Notice 2022-46 last year. Treasury and the IRS received hundreds of comments on section 30D, reflecting that it is one of the most significant provisions of the Inflation Reduct...| www.millerchevalier.com
The Federal Register published final regulations issued by the Treasury Department and IRS under the clean vehicle tax credits found at Sections 25E and 30D of the Internal Revenue Code.| www.hklaw.com
