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Portal Opens for Solar and Wind Low-Income Communities Bonus Tax Credit Applications | Pierce Atwood LLP

Portal Opens for Solar and Wind Low-Income Communities Bonus Tax Credit Applications | Pierce Atwood LLP
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United statesDepartment of energyUs department of treasuryIncome communityRevenue servicePierce atwoodEnergy policyInternal revenue serviceQualified low income residential buildingQualified low income economic benefitNative americanEnergy policy actLow income communityQualified low income residential projectQualified low income economic benefit project

Departments Open Portal for Bonus Investment Tax Credit Applicati

Departments Open Portal for Bonus Investment Tax Credit Applicati
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United statesEnergy policyIncome communityUs department of treasuryDepartment of energyRevenue serviceInternal revenue serviceQualified low income residential buildingQualified low income economic benefitNative americanEnergy policy actLow income communityQualified low income residential projectQualified low income economic benefit project

There are still megawatts available in the low-income communities bonus credit program

Because of additional selection criteria (ASC) carveouts, at least 364 megawatts of capacity is still available.

United statesIncome communities bonus credit programRevenue serviceProgram capacity dashboardAlaska native corporationIncome communityLow income communities bonus credit programReduction actInternal revenue serviceLow income communityQualified low income residential buildingQualified low income economic benefitTribal land

Applications Now Open: Low-Income Communities Bonus Tax Credits Program - Real Estate

On Oct. 19, 2023, applications opened for the Low-Income Communities Bonus Credit Program under Internal Revenue Code (Code) Section 48(e), increasing the amount of energy investment tax.

United statesOffice of economic impactEnergy policyDepartment of energyDepartment of agricultureIncome communityUs department of the treasuryIncome communities bonus credit programCommunities bonus credit programInternal revenue codeCapacity limitationLow income communities bonus credit programLow income communityIndian landEnergy policy actQualified low income residential building

U S government announces tax credit boost for solar projects serving low-income, tribal communities

U S government announces tax credit boost for solar projects serving low-income, tribal communities
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United statesJennifer granholmOffice of economic impactUs department of energyRevenue serviceUs department of the treasuryIncome communities bonus credit programInternal revenue serviceLow income communities bonus creditInflation reduction actIndian landQualified low income residential building projectQualified low income economic benefitEconomic impactLow income communities bonus credit programGuidance establishing program