The presentation will begin with an overview of the available federal tax incentives (ITC, PTC, MACRS, etc.) and their requirements. It will then cover the development of the “tax equity” market and “tax equity” structures, with particular emphasis on the most common structure: flip partnerships. Finally, the panel will cover current issues in tax equity as well as the market outlook, including the effect of potential changes under the new Congress and the Biden-Harris Administration.
- “Tax Equity 101”: Federal Tax Incentives for Renewable/Clean Energy & Related Structuring Issues
- Introduction to Federal Tax Incentives: ITC, PTC, 45Q, and MACRS (and More to Come?)
- The Tax Equity Market
- Overview of Common Tax Equity Structures
- Current Issues and Outlook
Grab some coffee, your favorite breakfast treat, and start your day off strong with a tax equity master class!
Date: Tuesday, February 23, 2021
Time: 8:00 — 9:00am EST
Location: Zoom. Dial-in will be sent with RSVP confirmation.
Matt Donnelly - Special Counsel, Baker Botts LLP
Matt Donnelly advises public and private companies on a broad range of U.S. federal and state income tax matters, with a concentration on domestic and international mergers and acquisitions, dispositions, spin-offs, joint ventures, financing transactions, restructurings, and internal reorganizations. Matt also regularly advises clients on a variety of tax matters involving the development, acquisition and disposition of renewable energy projects, including qualification and structuring issues related to tax credits and other tax benefits associated with such projects.
Matt also teaches corporate tax courses at Howard University School of Law, where has been an adjunct professor since 2017, and Georgetown University Law Center, where he has been an adjunct professor since 2020. He also frequently writes and lectures on tax-related topics, including transaction structuring, spin-offs and Reverse Morris Trust transactions, renewable energy tax incentives, partnership taxation, and the impacts of tax reform.
Martin Toulouse - Partner, Baker Botts LLP
Martin Toulouse focuses on limited recourse, structured and corporate financings, liability management transactions and restructurings in the energy and infrastructure sectors. His clients include sponsors and corporate borrowers, credit funds and financial institutions. With more than twenty years of experience, he has handled a wide range of complex transactions in the U.S. and Latin America relating to conventional power facilities, renewables, distributed generation and storage, transmission, retail energy, oil and gas (upstream, midstream, LNG, downstream) and mining.
Following graduation from law school, Mr.Toulouse served as a law clerk to the Honorable Charles D. Gonthier of the Supreme Court of Canada. Prior to joining Baker Botts, Mr. Toulouse practiced for a number of years with another international law firm in New York and Tokyo. He is a native French speaker.
About the Wharton Energy Network:
The Wharton Energy Network (WEN) is the alumni association for energy professionals at the Wharton School of the University of Pennsylvania. With over 4,500 members, WEN aims to power the energy transition through connections and opportunities for sustainable wealth creation. Our mission is to support Wharton alumni and the broader Penn community in leading the energy transformation by providing a central hub for forging connections and fostering lifelong learning about the business future of energy and climate. Learn more at whartonenergy.com.