Partner Casey August was quoted by Law360 in an article discussing how recently proposed rules regarding investment tax credits in the Inflation Reduction Act could impact producers of renewable natural gas, a refined form of biogas used for transportation fuel. As the article notes, the proposed rules have caused confusion in the biogas industry.
Casey noted that, from an engineering perspective, "it may be hard to actually distinguish between what is eligible cleaning and conditioning equipment and distinguish that from what the IRS and Treasury are saying is ineligible upgrading equipment."