What is communication service tax and which companies have to

What is communications service tax and which businesses must pay it? See which companies are obligated to pay telecommunications tax and if it impacts you.

2024 Jul 07

Treasury issues new guidance on wind, solar tax credits under

Following the signing of the One Big Beautiful Bill Act (OBBBA), which largely reduced the scope of tax credit eligibility for wind and solar projects, the Treasury Department

2024 May 28

Inflation Reduction Act Extends and Modifies Tax Credits for Wind

Accordingly, wind projects placed in service after Dec. 31, 2021, are eligible to receive tax credits at full value, rather than the reduced values under the old law. The PTC

2024 Jul 30

Business Tax Credits for Wind and Solar Power

At a Glance The federal government provides tax credits for investments in energy sources that generate electricity without emitting carbon dioxide in the process. Two tax credits, the

2024 Sep 22

Instructions: Solar and Wind Appraisal Model

Taxable status year. Enter the taxable status year of the municipality. Tax load. Enter the overall full value tax rate for the property where the plant is sited. This rate should be

2024 Aug 13

Implications of GST on delivered cost of renewable energy

Wherever, exemption is not granted, a concessional rate of GST should be applicable on both goods and services used for setting up of and operating the renewable power project

2023 Jan 20

Business Tax Credits for Wind and Solar Power

Two tax credits, the investment tax credit (ITC) and the production tax credit (PTC), directly support investment in wind and solar electric power. In the Congressional Budget Office''s

2025 Dec 05

Guidance for solar/wind-powered energy

Get important U.S. Treasury and IRS guidance for owners of certain solar or wind facilities built in connection with low-income communities.

2025 Aug 28

IRS Issues Initial Guidance on Domestic Content Bonus Credit for

Table 2 of Notice 2023-38 (the " Safe Harbor Classification Table ") sets forth a nonexhaustive list of certain Applicable Project Components that may be found in utility-scale

2023 Dec 11

IRS releases guidance on wind and solar facility tax credits: Key

IRS Notice 2025-42 updates tax credit eligibility rules for wind and solar projects under EO 14315, redefining when construction begins for sections 45Y and 48E.

2024 Oct 22

Publication 5886 (Rev. 3-2024)

These facilities or property will be treated as a 5-year property for purposes of cost recovery, leaving them with lower taxable income in the earlier years of a clean energy investment.

2023 May 22

One Big Beautiful Bill (OBBB): Financial Implications for Solar

Summary This whitepaper presents the considerations on the financial implications for solar projects resulting from the One Big Beautiful Bill (OBBB). In short, the OBBB steps

2025 Feb 01

New Mexico Tax Incentives for Renewable Energy Projects

The renewable energy production tax credit 81 relates to facilities first producing electricity on or before January 1, 2018, usually for a large-scale commercial generation

2023 Jan 10

Local Property Tax Impacts of Large-Scale Wind and Solar

Like other properties, these projects pay taxes to local government units, including towns, schools, libraries, and others. Energy property taxes are usually much higher than farmland

2025 Nov 27

IRS Outlines Application Process for Solar, Wind Facilities

Section 48 (e) increases the §48 credit by increasing the energy percentage used to calculate the amount of the §48 credit (§48 (e) Increase) in the case of qualified solar and

2023 Jan 16

Behrooz Parhami

Behrooz Parhami''s Blog & Books Page Page last updated on 2025 December 31 This page was created in 2009 as an outgrowth of the section entitled "Books Read or Heard" in my personal

2025 Mar 18

Residential Clean Energy Credit | Internal Revenue Service

If you invest in renewable energy for your home such as solar, wind, geothermal, fuel cells or battery storage technology, you may qualify for an annual residential clean energy tax

2023 Jun 29

Treasury issues new guidance on wind, solar tax credits under the OBBBA

Following the signing of the One Big Beautiful Bill Act (OBBBA), which largely reduced the scope of tax credit

2024 Apr 15

IRS releases guidance on wind and solar facility tax credits: Key

The Notice, issued on August 15, 2025, provides guidance on when construction of a wind or solar facility is considered to have begun, which is relevant for determining

2025 Jun 16

IRS Outlines Application Process for Solar, Wind Facilities

The IRS has issued guidance (Rev. Proc. 2023-27) on the application process under section 48 (e) for an allocation of environmental justice solar and wind capacity

2024 Jan 25

Florida Dept. of Revenue

Communications services tax is comprised of two portions: The Florida communications services tax and the local communications services tax. Dealers must itemize and separately state

2023 Sep 30