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IRS updates energy credits to comply with IRA, could unlock tax-exempt clean energy production

Thursday, May 2, 2024

The Internal Revenue Service (IRS) has released its final rules, as required by the Inflation Reduction Act, to make many clean energy tax credits transferable (able to be sold to a third party) or available for elective pay (a direct payment to the credit holder). Both rules may help expand investment in clean energy by providing mechanisms that get capital to the project’s developer immediately, even if the developer is a nonprofit or public entity that would never have paid any taxes on the project.

  • Read more about IRS updates energy credits to comply with IRA, could unlock tax-exempt clean energy production

Five things to know about the Inflation Reduction Act

Thursday, August 18, 2022

President Joe Biden has signed the Inflation Reduction Act, a $740-billion bill that largely focuses on clean energy and climate resiliency, deficit reduction and health care, funded through tax changes.

  • Read more about Five things to know about the Inflation Reduction Act

TBED and the 2012 Ballots

Wednesday, October 3, 2012

Voters in 37 states will decide on more than 170 ballot measures this year, many of which are related to tech-based economic development (TBED). Tax measures seem to be dominating ballots this year, with questions relating to both decreases and increases for sales, property and income taxes. Several states are counting on voters to agree to temporary increases to help fill budget deficits and ensure steady funding for education.

  • Read more about TBED and the 2012 Ballots

Tech Talkin’ Govs: Part I

Thursday, January 9, 2014

Now in its 14th year, SSTI's Tech Talkin' Govs series has returned as governors across the country formally convene the 2014 legislative sessions. The series highlights new and expanded TBED proposals from governors' State of the State, Budget and Inaugural addresses. The first edition includes excerpts from speeches delivered in Idaho, Kentucky, New York, Virginia, and West Virginia.

  • Read more about Tech Talkin’ Govs: Part I

Tech Talkin' Govs, Part V

Wednesday, February 9, 2011

The fifth installment of SSTI's Tech Talkin' Govs series includes excerpts from speeches delivered in Maryland, Montana, Oklahoma, Texas, and Utah. The first four installments are available in the Jan. 5, Jan. 12, Jan. 19 and Jan. 26 issues of the Digest.

  • Read more about Tech Talkin' Govs, Part V

Tech Talkin' Govs, Part IV

Wednesday, January 26, 2011

The fourth installment of SSTI's Tech Talkin' Govs series includes excerpts from speeches delivered in Alaska, Delaware, Hawaii, Michigan, Missouri, Nevada, and Vermont. The first three installments are available in the Jan. 5, Jan. 12 and Jan. 19 issues of the Digest.

  • Read more about Tech Talkin' Govs, Part IV

Tech Talkin' Govs, Part II

Wednesday, January 12, 2011

The second installment of SSTI's Tech Talkin' Govs' series includes excerpts from speeches delivered in Arkansas, Connecticut, Idaho, Kansas, New Hampshire, Virginia, Washington, and Wyoming. Our first installment was in the Jan. 5 Digest.

  • Read more about Tech Talkin' Govs, Part II

Tech Talkin' Govs: Part I

Wednesday, January 5, 2011

The 11th Annual Tech Talkin' Govs series highlights new and expanded TBED proposals from governors' State of the State, Budget and Inaugural Addresses across the nation. The first edition includes excerpts from speeches delivered in the following states:

  • Read more about Tech Talkin' Govs: Part I

Presidential Election Will Shape U.S. Innovation Strategy

Wednesday, October 3, 2012

Though innovation and entrepreneurship was notably absent from Wednesday's presidential debate on domestic policy, presidential candidates Mitt Romney and Barack Obama have acknowledged the importance of technological innovation in stimulating the economy and bolstering U.S. competitive capabilities in the global economy.

  • Read more about Presidential Election Will Shape U.S. Innovation Strategy

Are Tax Credits or Grants More Efficient Spurring Clean Energy Innovation?

Wednesday, April 13, 2011

Federal Grants are almost twice as effective as tax credits in spurring clean energy innovation, according to Reassessing Renewable Energy Subsidies — a recent report by the Bipartisan Policy Center. From 2005 to 2008, the federal government incurred a liability of almost $10.3 billion due to tax credits given to wind projects totaling almost 19 gigawatts of new generation capacity. However, researchers calculated that direct grants issued at the time of commission could have achieved similar gigawatt production at a cost of only $5 billion.

  • Read more about Are Tax Credits or Grants More Efficient Spurring Clean Energy Innovation?

TBED-Focused Bills Capturing Attention in Several States

Wednesday, April 13, 2011

Proposals that promise job creation and economic growth have taken center stage in several state legislatures. Lawmakers who recognize the importance of R&D, tech commercialization, access to risk capital, and investment in higher education are fighting for passage of TBED-focused bills in the final months of their states' 2011 legislative sessions.

  • Read more about TBED-Focused Bills Capturing Attention in Several States

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Recent news from the SSTI Digest

OSTP plan calls for overhauling US approach to R&D, innovation

Wednesday, July 22, 2026

The White House report from  Office of Science and Technology Policy (OSTP) Director Michael Kratsios, Science: A New Golden Age, first announced in a July 22 Wall Street Journal article, iterates federal R&D policies and practices for FY 2028, outlines an almost industrial policy approach to federal investment, and provides a plan to move federal research programs toward a focus on individual scientists rather than university-based programs. It calls for more flexible, multidisciplinary, and multi-organizational, team-oriented research projects rather than centers housed within the nation’s research institutions.

r&d
innovation

$5+ billion in AI funding announced at Genesis Mission summit

Wednesday, July 22, 2026

The White House report from  Office of Science and Technology Policy (OSTP) Director Michael Kratsios, Science: A New Golden Age, first announced in a July 22 Wall Street Journal article, iterates federal R&D policies and practices for FY 2028, outlines an almost industrial policy approach to federal investment, and provides a plan to move federal research programs toward a focus on individual scientists rather than university-based programs. It calls for more flexible, multidisciplinary, and multi-organizational, team-oriented research projects rather than centers housed within the nation’s research institutions.

AI

State budget wrap-up: Notable TBED and innovation funding in FY 2027

Wednesday, July 22, 2026
As revenues continue to tighten, many states entered fiscal year 2027 (FY 2027)—which began July 1 for most—with cautious or constrained spending priorities. With the exception of South Carolina, all states have now enacted their FY 2027 budgets. Most adopted maintenance‑level or reduced spending plans that limited new recurring expenditures, reduced one‑time appropriations, and reprioritized core services such as Medicaid and education.
state budgets
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