The Inflation Reduction Act of 2022 introduced in the Senate yesterday, July 28, 2022, will expand and extend the 45L Energy Efficient Home Tax Credit. The bill extends the 45L energy credit for 10 years, through 2032 and retroactively extends for this year 2022. The...
Congress has wrapped its 2021 session and will not resume again until January when the next Congressional session opens. This means no BBB Act (Build Back Better Act) which included a number of energy efficient tax incentives including a 10 year extension of the 45L...
There are number of tax provisions and extensions in the new Build Back Better (BBB) Act, including a 10 year extension of the 45L energy efficient home tax credit through 2031. This bill awaits a Senate vote likely to be scheduled in December. There are some key...
On December 16, 2014, the Senate approved the House bill extending the R&D tax credit for one year (retroactive for 2014). The President is expected to sign the R&D credit and other extenders into law today. Although the one year extension does not provide...
The Senate Finance Committee is currently weighing whether to include any expired business tax credits in with the payroll tax, including the R&D tax credit. However a vote appears likely on the payroll tax cut on Friday with no inclusion of the R&D credit in...
