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With Netflix out of the picture, a Paramount and Warner Bros. Discovery deal may have fewer obstacles to regulatory approval.
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PBoC makes it cheaper for traders to bet on weakening currency amid concerns about rapid appreciation
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Nuveen investment arm Arcmont Asset Management has €1.5bn of new investable capital thanks to the final close of its second Capital Solutions Fund.
The post Nuveen arm Arcmont picks up €1.5bn of credit firepower through new fund close appeared first on AltAssets Private Equity News.
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Amazon led with $50 billion while Nvidia and SoftBank each contributed $30 billion to the historic funding round.
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Soundcore Capital Partners has scored a $450m final close for its second flagship fundraise, with demand in excess of the fund's hard cap.
The post Soundcore Capital Partners turns down excess LP demand in $450m hard cap fund close appeared first on AltAssets Private Equity News.
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Knowledge and talent industries-focused private equity firm Renovus Capital Partners has brought in experienced capital raising exec Niklas Kuhlmann as director of investor relations and capital formation for EMEA.
The post Renovus Capital Partners brings in ex-Hamilton Lane, Selinus Capital exec Kuhlmann to lead EMEA fundraising, IR appeared first on AltAssets Private Equity News.
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President Biden signed the Inflation Reduction Act into law on August 16. The massive climate, energy, tax, and healthcare package contains numerous clean energy incentives including tax credits for the purchase of new and used electric vehicles. But you may not have heard that the new law also revives the tax credit for electric vehicle charging stations and equipment that had expired in 2021. There are some changes to the prior charging station tax credit that you will want to be aware of, so that you can potentially use the tax break for your own EV charger.
What is the Tax Write Off for EV Chargers?
The federal tax credit for electric vehicle chargers originally expired on December 31, 2021. However, the Inflation Reduction Act's Alternative Fuel Refueling Property tax credit extends the EV charger tax incentive ten years—through December 31, 2032.
SEE MORE EV Tax Credits Are Changing: What's Ahead
So, what does that mean for you? Essentially, if you install an EV charging station at home, the tax credit under the Inflation Reduction Act is 30% of the cost of hardware and installation, up to $1,000. Also, beginning in 2023, the tax credit for business and home installations, will apply to other EV charging equipment like bidirectional (i.e., two-way) chargers.
Businesses that that install new EV chargers or EV charging equipment can also benefit from a tax incentive of up to 30% of the total cost of equipment and installation. But they will have to meet certain labor and construction requirements to be eligible to claim the full incentive.
Before the Inflation Reduction Act, the limit on the amount of the EV charger tax credit for businesses was $30,000 (which still applies to projects completed before the end of 2022). However, under the new law, if you complete the business installa
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