The IRS has provided guidance on how exempt taxpayers, like Section 501(c)(12) cooperatives, can claim a refund after the repealed provisions concerning qualified transportation fringes. You can visit the… Read More »Section 501(c)(12) qualified transportation fringes
Dan Nemes of MN350 (an organization addressing the global climate crisis), offers this op-ed in the 6 February issue of Rochester, Minnesota’s Post-Bulletin, opposing the… Read More »Op-ed: Should public utility commissions regulate cooperatives?
In 1988, the Tennessee Legislature changed state law to give rural electric cooperatives a temporary, four-year city and county property tax exemption on their investments in… Read More »Unnoticed tax exemption creates surprise break for co-ops but confusion for lawmakers in
Developers are constantly looking for ways to find capital for their energy development projects. They have solicited all sorts of capital, including banks, angel investors, private equity investors, private development bonds, and other sources. One other potential source of capital for certain types of projects is a Real Estate Investment Trust (REIT). A recent IRS private ruling discusses the limitations and potential viability of REITs for funding energy development projects. Read More »IRS Ruling Address Power Generation by REITs
A prior blog post discussed a private ruling by the service regarding the allocation of purchase price among the assets of a renewable energy developer. Attorney David R. Cook discussed the ruling in a webinar on PPA taxation and recommended the participants to read the ruling with a dose of skepticism. As it turns out, on reconsideration, the Service has revoked the prior ruling because it “is not in accord with the current views of the Service.” Read More »IRS Revokes Potentially Beneficial Ruling for Renewable Energy Developers
AHC attorney David R. Cook will present a webinar regarding the legal and tax aspects of power purchase agreements (PPAs). Along with two other power industry professionals, he will address accounting and tax issues involved with PPAs. In addition, David will discuss important provisions in PPAs for allocating the risks and benefits arising from PPAs.Read More »AHC Attorney David Cook Presents Webinar on Power Purchase Agreements
This guest post is an excerpt from Congressional Testimony by Will Coleman before the House of Representatives Committee on Ways and Means, entitled Joint Hearing on Energy Tax Policy and Tax Reform. Please post your reaction and comments below. Read More »Guest Post: A New Approach to Innovation Tax Policy For Renewables
In the context of renewable energy project development, power purchase agreements (“PPAs”) are the cornerstone upon which the project is built and operated. PPAs are contracts through which the developer or ultimate owner of a project sells power generated by the project to another party. PPAs typically represent the primary, and sometimes sole, revenue source for the project. Accordingly, PPAs should be drafted in a manner that recognizes their critical importance to both the project developer or owner and power purchaser.Read More »IRS Ruling Discusses Important Attributes of Power Purchase Agreements