The Future of FOIA is Here: New Requirements under Acts 505 and 922 of 2025
The Arkansas Freedom of Information Act (FOIA) has long been a cornerstone of transparency, ensuring that the public has access to government records and meetings. Acts 505 and 922 of 2025, which took effect on August 5, 2025, significantly amend FOIA to modernize public meeting rules, clarify…
Transferability of Energy Credits under the Inflation Reduction Act: What do you need to know?
Now that final regulations on the transferability of energy tax credits under the Inflation Reduction Act have been issued by the U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS), many investors and developers are structuring and negotiating transactions to transfer…
Treasury, Internal Revenue Service Issue Final Regulations for Transfer of Energy Credits
On April 25, 2024, the U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations regarding the transfer of energy tax credits under the Inflation Reduction Act of 2022 (IRA). Proposed regulations regarding transferability of energy tax credits were…
Low-Income Communities Bonus Credit Applications Opening Date Announced
The U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) announced on May 13, 2024, the opening date for applications for the 2024 program year of the Low-Income Communities Bonus Credit Program (Bonus Credit Program) under Section 48(e) of the Internal Revenue Code. Last…
IRS Releases 2024 Procedural Guidance for Solar and Wind Projects in Low Income Communities
Last week the Department of Treasury and Internal Revenue Services (IRS) issued procedural guidance for the second year of the Low-Income Communities Bonus Credit Program under Section 48(e) of the Internal Revenue Code (Code). The program created by the Inflation Reduction Act provides an increase…