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Texas Oil and Gas Industry Adds 1,500 Jobs in March

Industry remains committed to enhancing national and energy security for our nation and our allies around the world .

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IRS Treasury Department Guidance Energy Community Bonus Credit

Energy community bonus credit introduced by the Inflation Reduction Act provides a bonus credit for projects located in Energy Communities. The EC Bonus is available for projects that qualify for clean energy tax credits under Internal Revenue Code Section 45 Section 45Y

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Treasury Quietly Changes Energy Community Guidance, Redefining Beginning of Construction Timing Rule | Vinson & Elkins LLP

In what appears to have been an update to previously released guidance, the Department of Treasury (the “Treasury”) and Internal Revenue Service (the “IRS”) posted an unexpected update.

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IRS Guidance Issued on Energy Community Bonus Credit | Paul Hastings LLP

The Inflation Reduction Act of 2022 (the “IRA”) added and modified certain renewable energy tax credit provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”).[1].

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Treasury Issues IRA Guidance on Energy Communities | Vinson & Elkins LLP

On April 4, 2023, the Department of Treasury (the “Treasury”) and Internal Revenue Service (the “IRS”) issued Notice 2023-29 (the “Notice”) providing guidance on the energy community.

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