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Tax Credit Bonds and Clean Renewable Energy Bonds


Hunton & Williams LLP has used its substantial federal tax, renewable energy and tax-exempt bond practices and its significant experience with the Clean Renewable Energy Bond (CREB) and Qualified Zone Academy Bond (QZAB) programs to develop a broad energy tax credit bond practice.   Our energy tax credit bond practice group currently assists clients with the CREB program and the recently enacted New CREB and Qualified Energy Conservation Bond (QECB) programs.  Hunton & Williams works with a wide range of clients participating in the energy tax credit bond arena, including:

  • electric cooperatives,
  • governmental entities at the state and local levels,
  • investors, underwriters and lenders, and
  • financial advisors.

Our lawyers have served as tax, bond, lender's and borrower's counsel in many tax advantaged transactions, including CREBs, QZABs, federal tax credits for renewable energy projects and federal tax-exempt bonds.  Our experience is expansive and includes obtaining allocations, structuring such transactions to comply with state and federal law, drafting all the documents, and issuing the requisite tax opinions. Our renewable energy experience has exposed our lawyers to the complex legal issues involving the large number of projects eligible for energy tax credit bond financing.  Coupled with our national tax-exempt financing experience, we can assist any energy tax credit bond participant.  We are building our energy tax credit bond practice through a multidisciplinary team of lawyers focusing in tax, public finance, renewable energy, securities, real estate and environmental law.  This breadth of experience, including our CREB and QZAB knowledge, allows us to address any issue in an energy tax credit bond transaction.

Hunton & Williams News

04/01/10 Alert: HIRE Act Permits Refundable Credit for Certain Tax Credit Bonds
11/06/09 Alert: Treasury Allocates $2.2 Billion in Clean Renewable Energy Bonds
02/13/09 Alert: Conferees Reach Agreement on Stimulus; Bond Provisions Remain
01/30/09 Update: Bond Provisions in Senate Finance Version of Stimulus Resemble House Bill and Expand Manufacturing Bonds
01/22/09 Alert: House Stimulus Bill Expands Tax Credit Bonds; IRS Reformulates Pricing for Tax Credit Rate on Certain Bonds
01/22/09 Alert: Tax Credit Bond Provisions in the 2008 Bailout Package
01/20/09 Alert: House Ways and Means Committee Releases Stimulus Bill
11/06/08 Alert: IRS Rules on Qualifying Landfill Gas Facility for CREBs
10/03/08 Alert: House and Senate Pass Extensions of Energy Tax Credits; President Likely to Sign
09/26/08 Alert: House Passes Bill to Extend Energy Tax Credit Provisions
09/24/08 Update: Senate Passes Bill to Extend Energy Tax Credit Provisions
08/05/08 Alert: Senate Fails to Pass Extenders Bill with Energy Tax Credit Extensions Two More Times
04/30/08 Update: Energy Tax Legislation Introduced (Twice); IRS Issues Tax Credit Notices; CREB Update
02/01/08 Update: Senate Finance Committee Passes Extension of Energy Tax Credit Provisions
12/20/07 Update: President Signs Energy Bill Into Law; Energy Tax Provisions Not Included
12/10/07 Update: Section 54 Clean Renewable Energy Bonds
08/20/07 Clean-Energy Minded Munis Eye New Bond Program, The Municipal Gazette
03/23/07 Client Advisory: Clean Renewable Energy Bonds - July 13, 2007 Deadline for Second Round Allocation Applications and Updated IRS Guidance
12/20/06 Alert December 2006: President Bush Expected to Sign Extensions and Renewals of QZABs, CREBs and New Markets Programs
05/23/06 Alert: New Bond Legislation Enacted, Energy Bond Bills Filed, IRS Targets 501(c)(3) Bonds, and Hunton & Williams Announces Special Tax Practice
02/17/06 Alert: Clean Renewable Energy Bonds - April 26, 2006 Deadline for Allocation Application and Updated IRS Guidance

Contacts

Contacts

Laura Ellen Jones
Partner

Richmond(804) 788-8746
John D. O'Neill, Jr.
Partner

Richmond(804) 788-8406
Christopher G. Kulp
Partner

Richmond(804) 788-8742
Mary Nash K. Rusher
Partner

Raleigh(919) 899-3066
Andrew R. Kintzinger
Counsel

Washington(202) 955-1837
David S. Lowman, Jr.
Partner

Washington(202) 419-2070
Richmond(804) 788-8789