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IRA Update: IRS Releases Limited Guidance on Low-Income Community Adder and Establishes Allocation Program Needed to Make the Adder Available | Mintz - Energy & Sustainability Viewpoints - Vimarsana News

IRA Update: IRS Releases Limited Guidance on Low-Income Community Adder and Establishes Allocation Program Needed to Make the Adder Available | Mintz - Energy & Sustainability Viewpoints

Published: February 28, 2023

On Monday, February 13, 2023, the Department of the Treasury (Treasury) and the IRS published Notice 2023-17 (the Notice), establishing the program for allocating environmental justice...

Source: jdsupra.com
Related Topics:
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IRS Releases Limited Guidance on Low-Income Community Adder - Vimarsana News

IRS Releases Limited Guidance on Low-Income Community Adder

Published: February 17, 2023

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.

Source: natlawreview.com
Related Topics:
Income CommunityAllocation Program Under SectionAllocation ProgramDepartment Of The TreasuryIncome Community AdderLow Income Community AdderInflation Reduction ActLow Income Residential BuildingLow Income Economic BenefitLow Income CommunityTax LawInflation Reduction ActLow Income Community AdderAllocation ProgramDepartment Of The TreasuryOtice 2023 17