Brian Moore
Subscribe to Brian Moore's PostsBrian Moore focuses his practice on US and international tax matters. Read Brian Moore's full bio.
Senate Democrats Propose Overhaul of Clean Energy Incentives
By Philip Tingle, Heather Cooper, Carl J. Fleming, Elle Hayes, Brian Moore and McDermott Will & Emery on Apr 23, 2021
Posted In Project Development and Finance, Renewables, Tax, U.S. Congress
US Senate Finance Committee Chairman Ron Wyden (D-OR) introduced the Clean Energy for America Act (the Act), along with two dozen Democratic co-sponsors, on April 21, 2021. The Act will likely be a starting point for the Biden administration tax proposals intended to limit carbon emissions. The Act would change the current system for incentives...
Continue Reading
Final Section 468A Regulations Issued at Last
By Brian Moore and McDermott Will & Emery on Sep 11, 2020
Posted In Environmental, Tax
On September 4, 2020, the Internal Revenue Service (IRS) and the US Department of the Treasury (Treasury) published in the Federal Register final regulations under section 468A of the Internal Revenue Code (the Code) that address three issues raised by the nuclear electric industry concerning qualified nuclear decommissioning funds (“qualified funds”). These final regulations conclude a many...
Continue Reading
Six Takeaways: Utilization and Structuring for Section 45Q Carbon Capture Credits
By Philip Tingle, Heather Cooper, Jacob Hollinger and Brian Moore on Jun 12, 2020
Posted In Environmental, Natural Gas, Project Development and Finance, Renewables, Tax
On Thursday, June 11, McDermott partners Phil Tingle, Heather Cooper and Jacob Hollinger were joined by Ken Ditzel, managing director at FTI Consulting, to discuss their insights into the proposed Section 45Q carbon capture and sequestration credit regulations. The Treasury Department and IRS recently published proposed regulations implementing the Section 45Q carbon capture and sequestration...
Continue Reading
IRS Releases Initial Section 45Q Carbon Sequestration Credit Guidance
By Brian Moore, Heather Cooper and Philip Tingle on Feb 21, 2020
Posted In Environmental, Natural Gas, Project Development and Finance, Renewables, Tax
Treasury and the IRS released initial guidance on the amended Section 45Q carbon oxide sequestration credit on February 19, 2020. Notice 2020-12 and Revenue Procedure 2020-12 provide guidance relating to the beginning of construction and tax equity partnership allocations. This is the first Section 45Q guidance since Treasury issued a request for comments in Notice...
Continue Reading
