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Transferability and Direct Pay Provisions of IRA Guidance

Transferability provisions, renewable projects that qualify for nine different types of tax credits may sell some or all credits for cash. Direct Pay provisions, certain tax-exempt entities could not take advantage of federal energy tax credits can receive a cash refund
United States Treasury Department Can The Base Credit Us Department Of The Treasury Tennessee Valley Authority Inflation Reduction Act

Treasury and IRS Release Proposed Rules Regarding Direct Payment and Transferability of Certain Energy Tax Credits | Wilson Sonsini Goodrich & Rosati

On June 14, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released two notices of proposed rulemaking regarding the direct payment of certain...
United States Wilson Sonsini Goodrich Rosati Revenue Service Renewable Energy Generation Department Of The Treasury Limitation On Direct Pay For Partnership Structures

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