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Additional Guidance Issued by Treasury on LIC Bonus

July 7, 2023

On June 1, 2023, the Treasury Department and IRS issued additional guidance regarding the Allocation Program in the form of proposed rules which are intended to apply to the 2023 calendar year only.

United States Treasury Department Allocation Program Capacity Limitation Proposed Rules Additional Selection Criteria

Source: natlawreview.com

IRS and USDT Low Income Communities Bonus Credit Program Guidance

April 12, 2023

Low income communities bonus credit introduced by the Inflation Reduction Act of 2022 provides enhanced tax credit for renewable energy projects in designated low income communities. LIC Bonus available for wind and solar projects qualifying for ITC under Section 48 of IRC

United States Program Administration Income Community Bonus Program Department Of Agriculture Energy Policy

Source: natlawreview.com

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Ic Bonus News Today

Additional Guidance Issued by Treasury on LIC Bonus

IRS and USDT Low Income Communities Bonus Credit Program Guidance

Explore More Categories