Greenhouse Gas Emissions Rules for Cars, Light Trucks Sent to White House for Review

Two federal agencies sent a draft final rule that would limit greenhouse gas emissions from cars and light trucks and increase fuel economy 40 percent by 2016 to…

California Governor Says His Climate Policy Will Create More Jobs Than It Will Eliminate

California Gov. Arnold Schwarzenegger (R) is showing no sign of backing away from his ambitious climate change agenda, despite pleas from Republican lawmakers and…

U.S. Department of Agriculture Office of Environmental Markets to Promote Climate, Development Goals

Agriculture Secretary Thomas Vilsack on March 10 said his department will foster the creation of environmental markets for carbon, water quality, wetlands, and…

Senate-Passed Tax Extenders Bill Includes Provisions for Renewable Energy

The Senate March 10 passed a one-year extension of $31 billion in popular expiring tax breaks, including several that provide incentives for developing and using clean energy…

House, Senate Democrats Close to Agreement on Health Care Reform Package, Pelosi Says

House and Senate Democrats, along with White House officials, met again late March 10 to plot a course for finishing work on health care reform as…

IRS Turns to Practitioners for Assistance in Rewriting Rules for LLC Partner Participation

The Internal Revenue Service is asking for help from practitioners in writing guidance that will revise the existing material participation standard for…

IRS Considering Valuation Issues with Uncertain Tax Position Proposal, Official Says

The Internal Revenue Service is thinking about issues surrounding the valuation of the maximum amount of potential federal tax liability attributable to each…

IRS Says Smart Grid Investment Grants Under American Recovery and Reinvestment Act Program Non-Taxable

The Internal Revenue Service March 10 issued Revenue Procedure 2010-20 providing safe harbor treatment under tax code Section 118(a) for firms receiving grants for smart grid investment…

Senate Moves to Codify Economic Substance Doctrine in Passing One-Year Extension of Tax Breaks

The Senate March 10 passed, 62-36, a one-year extension of $31 billion in popular tax breaks, while permanently codifying the economic substance doctrine and…