IRS Releases Limited Guidance on Low-Income Community Adder
Department of the Treasury and IRS published Notice 2023-17 establishing the program for allocating environmental justice capacity limitations under Section 48e1 and providing limited initial guidance for applicants. Section 48e provides up to 20 percent investment tax credit.
Income Community Allocation Program Under Section Allocation Program Department Of The Treasury Income Community Adder Low Income Community Adder
Source: natlawreview.com