Alerts From the Stoel Rives Web Site http://www.stoel.com/showalert.aspx?show=2317 en-us Copyright 2010, Stoel Rives clientservices@stoel.com http://blogs.law.harvard.edu/tech/rss 9/7/2010 11:41:29 PM http://www.stoel.com/showalert.aspx?Show=7012 The Treasury Department recently issued a series of FAQs in an effort to clarify when projects will be treated as having "begun construction" for purposes of the section 1603 grant. As you may be aware, a project that otherwise qualifies for the grant ... Fri, 27 Aug 2010 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=6762 The U.S. Treasury Department today released on its website additional guidance regarding the "begin construction" requirement for qualifying for the 30% ARRA cash grant. To qualify for the grant, a project either must be placed in service in 2009 or ... Fri, 25 Jun 2010 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=6630 The Washington Department of Revenue announced a public hearing regarding proposed amendments to its rule governing administration of the Renewable Energy System Cost Recovery program. Pursuant to this program, participating light and power companies ... Wed, 05 May 2010 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=6569 On Monday, April 12, 2010, Governor Schwarzenegger signed SB 401, which excludes from California gross income the cash grant in lieu of tax credits (the Treasury grant) pursuant to Section 1603 of the American Recovery and Reinvestment Act of 2009 (ARRA). ... Wed, 14 Apr 2010 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=6517 On Thursday, March 18, 2010, the Governor signed HB 3680, which makes substantive changes to the Business Energy Tax Credit (BETC) and delegates substantial new rulemaking authority to the Oregon Department of Energy (ODOE). The BETC is a state income ... Wed, 24 Mar 2010 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=6511 On Thursday, March 18, 2010, President Obama signed into law the Hiring Incentives to Restore Employment Act (the HIRE Act). The HIRE Act includes the following provisions applicable to businesses: Provisions Affecting Domestic Activities of U.S. and ... Mon, 22 Mar 2010 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=6497 The U.S. Department of Treasury and the U.S. Department of Energy yesterday jointly announced the issuance of guidance regarding the federal income tax treatment of Smart Grid Investment Grant payments received pursuant to the American Recovery and Reinvestment ... Thu, 11 Mar 2010 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=6462 In an effort to fill a budget shortfall that has now grown to $2.8 billion, the 2010 Washington State Legislature has proposed eliminating the sales and use tax exemptions for machinery and equipment used in renewable energy projects other than wind ... Thu, 25 Feb 2010 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=6409 In an effort to fill a $2.6 billion budget shortfall, the Washington State Legislature proposes taxing businesses that have no physical presence in Washington and perform all of their business activities in other states. As originally proposed in House ... Tue, 09 Feb 2010 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=6362 On January 8, 2010, the Oregon Department of Energy (ODOE) issued a final administrative rule and a news release relating to the Business Energy Tax Credit (BETC) "pass-through" rates. The BETC is a state income and excise tax incentive designed ... Tue, 19 Jan 2010 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=6046 The Worker, Homeownership, and Business Assistance Act of 2009 was signed into law by President Obama on November 6. Highlights of the Act include: Net Operating Loss Carrybacks Generally, net operating losses (NOLs) may be carried back two years ... Wed, 11 Nov 2009 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=6025 On Tuesday, November 3, the Oregon Department of Energy ("ODOE") issued temporary administrative rules relating to the Business Energy Tax Credit ("BETC"). For a description of the BETC, see our previous alerts on 2/27/2008 and 7/2/2007. ODOE issued ... Thu, 05 Nov 2009 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=5897 Yesterday the IRS issued Announcement 2009-69, which revises the requirements to qualify for the safe harbor created in Revenue Procedure 2007-65 for partnership flip transactions involving wind projects with respect to which the Production Tax Credit ... Tue, 22 Sep 2009 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=5465 Lately, a lot of attention has been focused on energy financing opportunities in the American Recovery and Reinvestment Act (the Stimulus Bill) (see our recent publication Show Me the Money: The Law of the Stimulus). However, there are still exciting ... Mon, 01 Jun 2009 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=3560 President Obama on February 17 signed into law the American Recovery and Reinvestment Tax Act of 2009, a $787 billion economic stimulus package that contains numerous tax provisions. TAX INCENTIVES FOR BUSINESSES • Extension ... Thu, 19 Feb 2009 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=3408 On November 26, 2008, the Internal Revenue Service (IRS) issued Notice 2008-110, which provides guidance regarding the income and excise tax credits for biodiesel and cellulosic biofuels under sections 40A, 6426 and 6427(e) of the Internal Revenue Code ... Thu, 18 Dec 2008 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=3241 On October 3, 2008, President Bush signed into law Public Law 110-343, which consists of three separate acts. This alert discusses tax provisions in the Emergency Economic Stabilization Act of 2008 (Stabilization Act) and the Tax Extenders and Alternative ... Mon, 20 Oct 2008 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=3207 Today the House passed, and President Bush signed into law, H.R. 1424, which includes the Energy Improvement and Extension Act of 2008 (the Act). The Act contains the much-anticipated extension of the production tax credit (PTC) and investment tax credit ... Fri, 03 Oct 2008 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=3074 In a decision that will be a relief to corporations struggling to determine how to fulfill apparently inconsistent employment tax reporting obligations, the Oregon Supreme Court has reversed an Oregon Court of Appeals decision concerning director fees. ... Thu, 07 Aug 2008 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2863 The Internal Revenue Service on January 25, 2008 released a private letter ruling holding that compensation paid under an incentive plan did not meet the requirements of the performance-based exception under section 162(m) of the Internal Revenue Code, ... Wed, 20 Feb 2008 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2853 Congress yesterday passed the Economic Stimulus Package of 2008 (the Act), which President Bush has indicated he will sign into law. The primary focus of the Act is to provide a 2008 tax credit to individual taxpayers. The amount of this credit generally ... Fri, 08 Feb 2008 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2810 On December 19, 2007, the U.S. House of Representatives passed the Tax Increase Prevention Act of 2007, which would provide temporary relief for noncorporate taxpayers subject to the alternative minimum tax (AMT). President Bush is expected to sign the ... Thu, 20 Dec 2007 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2749 The Oregon Court of Appeals recently held that a corporation’s payment of fees to its directors for their services as directors is subject to Oregon unemployment insurance ("UI"). The decision highlights the fact that a payment that is not treated as ... Tue, 23 Oct 2007 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2747 The Internal Revenue Service has published a revenue procedure establishing a safe harbor with respect to allocation of production tax credits from wind energy facilities. Section 45 of the Internal Revenue Code (IRC) provides for a renewable electricity ... Fri, 19 Oct 2007 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2538 The 2007 Oregon legislature adopted HB 2592, which requires withholding of income tax when a "real property interest" located in Oregon is conveyed by a nonresident individual or by a corporation that does not do business in Oregon. Withholding is not ... Mon, 27 Aug 2007 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2332 The Internal Revenue Service has announced a compliance resolution program permitting employers to pay the additional taxes that arise under Section 409A of the Internal Revenue Code due to the exercise in 2006 of certain discounted stock rights. Sometimes ... Wed, 14 Feb 2007 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2378 President Bush today signed into law the Tax Relief and Health Care Act of 2006 (the Act). Some of the more noteworthy tax-related provisions of the Act include: Business-Related Provisions Employers must file a return with the IRS reporting ... Wed, 20 Dec 2006 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2379 President Bush yesterday signed into law the Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA) that Congress passed last week. TIPRA extends certain business and individual tax incentives that were set to expire and also contains various ... Thu, 18 May 2006 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2342 Section 409A, which was added to the Internal Revenue Code in October 2004, imposes onerous penalties on nonqualified deferred compensation that fails to meet strict new rules. Although Congress enacted Section 409A in response to well-publicized abuses ... Sun, 01 Jan 2006 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2343 Section 409A, which was added to the Internal Revenue Code in October 2004, imposes onerous penalties on nonqualified deferred compensation that fails to meet strict new rules. Although Congress enacted Section 409A in response to well-publicized abuses ... Sun, 01 Jan 2006 00:00:00 GMT