Remove 2018 Remove E&A Remove Utilities
article thumbnail

New IRS Revenue Ruling Provides Opportunities for Financing Carbon Capture Equipment

The Energy Law

Recall that section 45Q provides for a credit against a taxpayer’s income tax liability based on the amount of carbon oxide (a) captured using carbon capture equipment, (b) placed in service at a qualified facility and (c) disposed of, injected, or utilized in a specified manner.

Finance 59
article thumbnail

Opportunity to Minimize the New Tax on 501(c)(3) Exempt Organization Employee Parking

The Energy Law

Due to the Tax Cuts and Jobs Act (“TCJA”) passed by Congress in December 2017, starting in 2018 many 501(c)(3) Exempt Organizations (“EOs”) are required to treat the cost of employer-paid qualified transportation and parking benefits as unrelated business taxable income (“UBTI”) to the EO.

E&A 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2019 Louisiana Investment Adviser Update

The Energy Law

There were no significant amendments to Form ADV this year (the SEC made a number of amendments in 2018 relating to separately managed accounts and standing letters of authority). These priorities generally follow the SEC’s 2018 examination priorities. 51:703(D)(5). The forms are available from the Commissioner of Securities office.

article thumbnail

Advancement of CCS in Louisiana

The Energy Law

Earlier this month, Gulf Coast Sequestration (“GCS”), a limited liability company based in Lake Charles, announced its plans to build and operate a carbon capture and sequestration (“CCS”) project that will create a repository 10,000 feet underground for the permanent storage of more than 80 million tons of carbon. On the state level, Act No.

article thumbnail

Advancement of CCS in Louisiana

The Energy Law

Earlier this month, Gulf Coast Sequestration (“GCS”), a limited liability company based in Lake Charles, announced its plans to build and operate a carbon capture and sequestration (“CCS”) project that will create a repository 10,000 feet underground for the permanent storage of more than 80 million tons of carbon. tons of CO?

article thumbnail

CARES Act Makes Significant Changes to Four Key Business Tax Provisions Enacted in the Tax Cuts and Jobs Act of 2017

The Energy Law

This means, for example, that an NOL incurred for tax year 2017 could be carried forward to offset as much as 100 percent of taxable income for tax year 2018, rather than only 80 percent of such income, in order to obtain a refund of income tax paid for tax year 2018.

E&A 40