The Sikkim High Court has ruled that businesses are eligible for refunds on unutilised input tax credit (ITC) even after discontinuing operations. This decision came after SICPA India, a security ...

In a significant ruling with far-reaching policy implications, the Sikkim High Court has allowed the refund claim of accumulated input tax credit (ITC) upon the closure of a business. This ...

The House Republican majority supports ending federal tax credits for energy programs—including those for geothermal—outlined in the Inflation Reduction Act (IRA). This rollback is a key feature of ...

So today, Congressional Republicans got to work. The House passed a bill to end the Inflation Reduction Act’s tax credits for clean energy, including the $7,500 EV tax credit. And the Senate ...

By making the 2017 Tax Cuts and Jobs Act — a landmark accomplishment of Trump’s first term — permanent, the annual tax credit families can claim per child would increase from $2,000 to ...

That might include the EV tax credit, which is set to expire at the end of 2032. In general, the credit is worth up to $7,500 for qualified new vehicles, or up to $4,000 for qualified used vehicles.

In February, U.S. Senate Republicans proposed a pair of bills to kill the country's $7,500 electric vehicle tax credit and impose a new $1,000 tax on EVs to pay for road repairs, according to Reuters.

Senate Finance members Todd Young, R-Ind., and Maria Cantwell, D-Wash., have reintroduced a bill that would boost and increase the flexibility of the low-income housing tax credit.

Starting in 2027, the tax rate could drop by 0.2% each year if collections from premium and retaliatory taxes surpass 2024 levels. The amendments also limit the Insurance Premium Investment Tax Credit ...

‘Tesla tax’ on EV credits quickly passed by Washington lawmakers with limited public input by Lisa Stiffler on April 28, 2025 at 10:41 am Share 81 Tweet Share Reddit Email ...

As Congress debates budget bills proposing deep cuts in federal spending, Biden-era tax credits for clean energy have gained crucial support among some Republican lawmakers and voters.

Expanding the child tax credit did not appear on the White House’s priority list earlier this year. Meanwhile, a group of Democratic senators laid out ambitious plans for an expanded credit on ...