Navigating FEOC Restrictions for the 45X Energy Manufacturing Tax Credit

US Government Approves “One Big, Beautiful Bill”: How SolarBank is Beating the Clock

Disseminated on behalf of SolarBank Corporation The U.S. government has approved a sweeping new budget bill, dubbed the “One Big, Beautiful Bill”, signalling a significant shift in federal support for clean energy. Senate Republicans, aligned with former President Trump’s energy plan, support the bill. It removes the excise tax on renewable energy. However, it hurts solar and wind development by cutting the timeline for key tax credits drastical…

How the "One Big Beautiful Bill Act" Impacts Clean Energy Tax Credits - Varnum LLP

On Friday, July 4, President Trump signed into law the budget reconciliation bill H.R.1. (the Bill), formerly known as or nicknamed the “One Big Beautiful Bill Act”. Among other substantial changes to the tax code, the Bill significantly reduces tax incentives for clean energy practices, terminating many of the environmental and clean energy tax credits introduced by the Inflation Reduction Act (IRA) of 2022. Many of those credits were scheduled…

Navigating FEOC restrictions for the 45X energy manufacturing tax credit

Foreign entity of concern (FEOC) rules deny tax credits for manufactured products that exceed using certain thresholds of inputs from China.The One Big, Beautiful Bill Act (OBBBA) includes new restrictions on technology neutral tax credits, including project-based tax credits and the 45X manufacturing tax credit. The law seeks to limit content from foreign entities of concern (FEOC), which primarily affects products shipped from China. FEOC rest…

Contact TN Lawmakers on Impact of Energy Tax Credit Changes in One Big Beautiful Bill - Tennessee Advanced Energy Business Council

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New Guardrails and Phase-outs for the §45X Advanced Manufacturing Credit - ICS Tax, LLC

The One Big Beautiful Bill Act (OBBBA) modifies the §45X production credit, preserving its significance in clean-energy supply chain policy. Notable amendments introduce a domestic-content requirement for related party sales of integrated components, expedite the phase-out for select sectors, and prohibit credits for products receiving “material assistance” from restricted foreign entities. The OBBBA maintains credits for solar, battery, and cri…