Alerts From the Stoel Rives Web Site http://www.stoel.com/showalert.aspx?show=2317 en-us Copyright 2013, Stoel Rives clientservices@stoel.com http://blogs.law.harvard.edu/tech/rss 5/21/2013 2:02:17 AM http://www.stoel.com/showalert.aspx?Show=10317 The IRS today issued much anticipated guidance regarding the new "beginning of construction" requirement for qualifying for the production tax credit (PTC) under Section 45 of the Internal Revenue Code (the Code) and the investment tax credit (ITC) under ... Mon, 15 Apr 2013 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2377 This update is a publication of Stoel Rives LLP for the benefit and information of our clients and friends. This update is not legal advice or a legal opinion on specific facts or circumstances. The contents are intended for informational purposes only. ... Wed, 10 Apr 2013 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=10284 The IRS has issued welcome transition relief that extends through July 1, 2013 the deadline for filing claims for payments for biodiesel mixtures and alternative fuels sold or used in 2012. A number of fuel tax credits, including the cellulosic biodiesel ... Thu, 04 Apr 2013 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=10188 The U.S. Department of the Treasury yesterday issued a message regarding the impact of sequestration on the Section 1603 Grant. In the message, the Treasury Department announced that awards of Section 1603 Grants made on or after March 1, 2013 and before ... Tue, 05 Mar 2013 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=10018 Congress yesterday passed the American Taxpayer Relief Act of 2012 (the Act), which averted the so-called "fiscal cliff." The President is expected to sign the Act shortly. The Act includes a number of energy-related tax provisions, including a one-year ... Wed, 02 Jan 2013 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=9969 The IRS has revoked a taxpayer-favorable private letter ruling issued earlier this year in which the IRS concluded that no portion of the purchase price of certain wind facilities was required to be allocated to existing power purchase agreements (PPAs) ... Wed, 12 Dec 2012 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=9966 The IRS last week issued final regulations and additional guidance regarding the medical device excise tax, which applies to sales of taxable medical devices after December 31, 2012. The excise is imposed on the manufacturer, producer, or importer of ... Mon, 10 Dec 2012 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=9814 Recently, the Office of Management and Budget ("OMB") submitted a report to Congress indicating that, absent Congressional intervention, the amount of the grant pursuant to Section 1603 of the American Recovery and Reinvestment Act of 2009 (the "Section ... Tue, 25 Sep 2012 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=9552 The Portland Revenue Bureau recently announced a one-time amnesty program, from May 15 through July 16, 2012, for certain taxpayers who have failed to file returns pursuant to the Portland Business License Tax and Multnomah County Business Income Tax ... Mon, 04 Jun 2012 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=9131 Following the success of the 2009 offshore voluntary disclosure program that ended on October 15, 2009 and of the 2011 offshore voluntary disclosure initiative that ended on September 9, 2011, the IRS has announced a third offshore voluntary disclosure ... Tue, 10 Jan 2012 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=8724 The Washington Court of Appeals recently issued a decision in Getty Images v. City of Seattle, Docket No. 65113-7 (Sept. 12, 2011). This decision is a classic case of bad facts leading to bad law, with potentially wide-ranging effects. The facts found ... Thu, 27 Oct 2011 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=8237 During the 2011 legislative session, the Oregon legislature passed three bills that will affect Oregon tax incentives, particularly for renewable energy projects. Of the three bills passed, the Governor has signed one; the other two are widely anticipated ... Mon, 25 Jul 2011 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=7817 The IRS earlier this week issued Rev. Proc. 2011-26, which provides helpful guidance regarding 100 percent bonus depreciation as enacted by the 2010 Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act. To qualify for 100 percent ... Fri, 01 Apr 2011 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=7745 Recently, the IRS and the Financial Crimes Enforcement Network of the United States Treasury (FinCEN) each took steps to ease the FBAR reporting obligations of United States persons, including: Creating a new voluntary disclosure initiative that ... Fri, 11 Mar 2011 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=7286 Earlier today President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. Some of the more noteworthy tax-related provisions are listed below. Business-Related Provisions 100% bonus depreciation ... Fri, 17 Dec 2010 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=7287 Congress yesterday passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the Act), which extends several expiring renewable energy and fuel tax incentives and includes some new incentives that could provide significant ... Fri, 17 Dec 2010 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=7254 Earlier this year, the Internal Revenue Service ("IRS") established a correction program for certain problems with nonqualified deferred compensation plan documents under Internal Revenue Code Section 409A. Notice 2010-6 provides ways to correct such ... Wed, 08 Dec 2010 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=7062 Today the President signed into law the Small Business Jobs Act of 2010, which extends first-year bonus depreciation deductions to projects placed in service in 2010, including projects placed in service before the legislation was passed. Under the bonus ... Mon, 27 Sep 2010 00:00:00 GMT 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=6645 The U.S. Department of the Treasury, as part of the process of reviewing applications for the ARRA Section 1603 grant, has been making supplemental requests that applicants submit copies of their power purchase agreements (PPAs). This is creating delays ... Thu, 13 May 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=6539 The Treasury Department recently revised its guidance concerning the "beginning of construction" requirement for qualifying for the cash grant in lieu of tax credits (the Treasury Grant) for certain renewable energy projects placed in service after 2010. ... Tue, 30 Mar 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 to stimulate ... 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=5812 The Treasury Department and the Department of Energy (DOE) yesterday jointly issued guidance detailing the requirements for qualifying for the new Qualifying Advanced Energy Project (QAEP) credit. This program, which was created by the American Recovery ... Fri, 14 Aug 2009 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=5779 The US Department of the Treasury announced today that applications are now being accepted for grants in lieu of income tax credits pursuant to the American Recovery and Reinvestment Act of 2009 (ARRA). ARRA, which was enacted in February, permits ... Fri, 31 Jul 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=5466 Reviewing the relevant zoning map is a vital component of due diligence on a prospective property purchase or development. For the unwary, though, this review can result in costly oversights, as it can lead the unsuspecting to believe that the subject ... Mon, 01 Jun 2009 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=5115 Washington law currently provides an exemption from sales tax for sales of machinery and equipment (e.g., wind turbines and towers) used directly in generating electricity using fuel cells, wind, sun, or landfill gas as the principal source of power ... Wed, 18 Mar 2009 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=5075 On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (the "Act"), a $787 billion economic stimulus package that contains numerous tax provisions related to biomass and other renewable energy projects. ... Thu, 12 Mar 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=3550 Yesterday Congressional negotiators agreed on the terms of the American Recovery and Reinvestment Tax Act of 2009 (the Bill), the $789 billion economic stimulus package. It is expected that the House and Senate will pass the Bill by the end of the week ... Thu, 12 Feb 2009 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=3536 Enactment of a renewable portfolio standard ("RPS") has been under consideration in Congress and elsewhere for several years. In a nutshell, an RPS would require that a certain percentage of electricity sold to retail consumers must be obtained from ... Mon, 09 Feb 2009 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=3493 On Friday, January 23, the Chairman of the Senate Finance Committee released his proposal for the economic stimulus bill. Like the House bill (H.R. 598), the proposal by Chairman Max Baucus (Chairman's Mark) is called the American Recovery and Reinvestment ... Mon, 26 Jan 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=3208 President Bush last week signed into law H.R. 1424, which includes the Energy Improvement and Extension Act of 2008 (the Act). The Act contains a number of tax incentives for renewable energy and other energy activities, including the much-anticipated ... Wed, 08 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=3159 Many of us working with real estate do not encounter withholding of income taxes at closing by the escrow agent, exchange accommodator or attorney handling funds, except in the context of federal tax and a non-U.S. party. Effective January 1, 2008, ... Thu, 18 Sep 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=2910 On February 22, the Oregon Legislative Assembly passed HB 3619, which will modify the Oregon Business Energy Tax Credit ("BETC"). Based on the bill's overwhelming support in both the House and Senate, it is expected to be signed by the Governor. The ... Wed, 27 Feb 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=2858 Late last week Congress passed the Economic Stimulus Package of 2008 (the Act), which President Bush is expected to sign into law this week. Although the proposed extensions of the production tax credit (PTC) and investment-based energy credit were removed ... Tue, 12 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=2753 The Internal Revenue Service has provided additional time for nonqualified deferred compensation arrangements to comply with the final 409A regulations issued under section 409A of the Internal Revenue Code. Notice 2007-86, issued October 22, 2003, extends ... Fri, 26 Oct 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=2626 The Internal Revenue Service provided limited relief from the requirement that all deferred compensation arrangements be amended to comply with section 409A of the Internal Revenue Code and the final 409A regulations by December 31, 2007. Notice 2007-78 ... Fri, 21 Sep 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=2418 Click on a link below to jump to the topic of interest: Section 409A Overview Nonqualified Deferred Compensation Subject to Section 409A Equity Compensation Severance Pay Foreign Deferred Compensation Arrangements Initial Deferral Election ... Tue, 22 May 2007 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2321 On April 3, 2007, the IRS issued Notice 2007-37 (the "Notice"), which provides guidance regarding the application of certain tax credit and payment provisions of the Internal Revenue Code (the "Code") to fuels produced by coprocessing biomass and petroleum ... Fri, 20 Apr 2007 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2288 On April 10, 2007, the Department of Treasury issued final regulations regarding the application of section 409A of the Internal Revenue Code ("Section 409A") to nonqualified deferred compensation plans and arrangements. The final regulations, which ... Fri, 13 Apr 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=2324 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. The Internal Revenue Service (IRS) has provided preliminary guidance regarding ... Tue, 10 Oct 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=2353 The Internal Revenue Service (IRS) has resolved a longstanding issue of interpretation in favor of owners and developers of alternative energy projects, as well as the states that support those projects through state tax credits. In a revenue ruling ... Thu, 09 Feb 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 http://www.stoel.com/showalert.aspx?Show=2344 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=2318 On August 8, 2005, President Bush signed into law The Energy Policy Act of 2005 (the "Act"), which adds a number of tax incentives beneficial to the construction industry. Following are brief summaries of some of the most notable provisions of the Act: ... Fri, 11 Nov 2005 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2336 On September 29, 2005, the Department of the Treasury issued long-awaited proposed regulations regarding the application of Section 409A of the Internal Revenue Code to nonqualified deferred compensation plans. The proposed regulations incorporate much ... Sat, 01 Oct 2005 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2380 The Energy Policy Tax Incentives Act of 2005 (the "Act"), which passed both houses of Congress late last week as part of the larger Energy Policy Act of 2005 and is expected to be signed by the President shortly, contains a number of tax incentives relating ... Mon, 15 Aug 2005 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2381 The deadline for filing Form TD F 90-22.1for 2004 is June 30, 2005. Under the law, as changed by the American Jobs Creation Act of 2004 (the "Jobs Act"), persons failing to file Form TD F 90-22.1 face new and increased penalties. Who Must File Form ... Fri, 24 Jun 2005 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2341 By now you are likely aware of the new law, the American Jobs Creation Act of 2004, that changes the tax rules for non-qualified deferred compensation, effective January 1, 2005. The new law makes sweeping changes and also raises many questions. The ... Wed, 15 Dec 2004 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2382 Congress last week passed the so-called "Civil Rights Tax Relief" provision as part of the American Jobs Creation Act of 2004, HR 4520. The bill presently is awaiting President Bush’s signature. Assuming that the bill is signed, the provision will provide ... Tue, 19 Oct 2004 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2383 On October 11, 2004 the Senate passed the American Jobs Creation Act of 2004 (the "Act"), which passed the House on October 7. The Act, which is expected to be signed into law by President Bush, significantly expands the availability of the production ... Wed, 13 Oct 2004 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2384 On October 4, 2004, Congress overwhelmingly passed the Working Families Tax Relief Act of 2004 (WFTRA). The provisions of WFTRA that are getting the most media attention involve extensions of the 10% income tax bracket for individuals, "marriage penalty" ... Tue, 05 Oct 2004 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2394 Key members of Congress reportedly have agreed to an extension of the production tax credit ("PTC") through December 31, 2005. According to latest reports from Congress, the extension would be retroactive for facilities placed in service during the first ... Thu, 23 Sep 2004 00:00:00 GMT http://www.stoel.com/showalert.aspx?Show=2395 In GeneralInvestors and developers have been able to significantly improve the economics of wind power projects by "monetizing" the federal production tax credit ("PTC"). There are a number of transaction structuring alternatives to achieve this, although ... Wed, 01 Sep 2004 00:00:00 GMT