tax credits

WASHINGTON — The nation’s top corn growers are urging Treasury Secretary Janet Yellen to adopt an emissions model developed by the Department of Energy as her department and the Internal Revenue Service work to determine which biofuels will qualify for... Read More

WASHINGTON — The Treasury Department on Friday released its long-awaited proposed guidance on which “clean” energy vehicles will be eligible for up to $7,500 in consumer tax credits. The Notice of Proposed Rulemaking from the department and the Internal Revenue... Read More

WASHINGTON — The Treasury Department and the Internal Revenue Service issued new guidance Tuesday on changes to the tax credit for electric vehicles now that President Joe Biden has signed the Inflation Reduction Act into law. While the reforms in... Read More

WASHINGTON — A new study from George Washington University suggests that while tax incentives have played an important role in encouraging consumers to buy electric vehicles, direct rebates would be far more effective in getting the widest range of drivers... Read More

WASHINGTON - Reps. Darin LaHood, R-Ill., and Jimmy Panetta, D-Calif., introduced a bill Tuesday providing a tax credit to food and beverage distributors to cover debt incurred for products shipped, but not yet paid for, due the coronavirus outbreak. The... Read More

WASHINGTON — A bipartisan effort to expand the employee retention tax credit has gained a significant endorsement from a coalition representing 130 small businesses and key industry organizations.  The bill, entitled the “Jumpstarting Our 5 Businesses’ Success Credit Act”, or... Read More