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As provided in the Inflation Reduction Act (IRA), certain taxpayers may elect for a direct payment in lieu of a tax credit under Section 6417...
The U.S. Department of the Treasury (Treasury Department) and Internal Revenue Service (IRS) released much-anticipated guidance in the form of two notices of proposed rulemaking (NOPRs)...
The most significan news coming out of the nation's capital this week was the U.S. Supreme Court's 5-4 decision in the Navajo Nation v. Arizona that was released on Thursday. In addition to articles already covered by Native News Online, here is a roundup of other news released from Washington, D.C. that impacts Indian Country this month. House Natural Resources Committee Ranking Member Raúl M. Grijalva (D-Ariz.) today issued the following statement on the U.S. Supreme Court’s decision in Arizona v. Navajo Nation.
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
The U.S. Department of the Treasury and IRS on June 14, 2023, released two notices of proposed rulemaking (NOPRs) regarding the direct payment of tax credits under Section 6417 of the...