Tax Blog

In the One, Big, Beautiful Bill Act (“OBBBA”), Congress accelerated the termination of the clean electricity production credit provided in Section 45Y and the clean electricity investment credit under Section 48E.  On July 7, 2025, President Trump issued Executive Order 14315 in which he instructed the Secretary of the Treasury to issue guidance related to the termination of the clean electricity credits to prevent the artificial acceleration or manipulation of the eligibility requirements and restrict the use of safe harbors to only situations in which a substantial ...