IRA expands eligibility for the tax credits provided under Section 48C to cover industrial or manufacturing facilities that produce or recycle various renewable energy. IRA also creates a new tax credit for eligible components of renewable energy production equipment
The Inflation Reduction Act (the “IRA”) is a wide-ranging bill that includes, among other things, significant investments and reforms by the federal government in a variety of different.
As previously discussed in our blog Inflation Reduction Act: Wage and Apprenticeship Requirements, the Inflation Reduction Act (the “IRA”) restructured the tax credit system associated.
On November 30, 2022, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) published initial guidance clarifying certain questions surrounding the.
The IRS and the Treasury issued a Notice of Initial Guidance, which provides guidance about the prevailing wage requirements and apprenticeship requirements introduced in the Inflation Reduction Act. The Notice indicates that Treasury anticipates issuing proposed regulations.