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Treasury and IRS Release Further Guidance on Energy Community Enhancements Under IRA | Troutman Pepper

On March 22, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) issued Notice 2024-30, which modifies prior guidance on the energy community enhancements. It...

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IRS Released New Guidance Regarding The 'Energy Community Adder' - Renewables

On March 22, 2024, the IRS released new guidance1 regarding the "energy community adder." The energy community adder increases the amount/rate one can receive under the investment tax credit...

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Treasury Updates its Energy Community Guidance | Vinson & Elkins LLP

On March 22, 2024, the Internal Revenue Service (IRS) issued additional guidance in respect of the “Energy Community Bonus” in Notice 2024-30 (the “Notice”), which provides two key...

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Treasury issues clarifying guidance on the IRA's energy community bonus credit

Utility industry news and analysis for energy professionals.

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Low-Income Communities Eligible for An Investment Tax Credit

Low-Income Communities Eligible for An Investment Tax Credit
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IRS Releases Final Treasury Regulations on Low-Income Community Bonus Credits | Foley & Lardner LLP

The Internal Revenue Service (IRS) and Department of the Treasury earlier this month released final regulations (the “Low-Income Community Bonus Credit Rules”) relating to the...

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Treasury Department and IRS Issue Additional Guidance on the New Low-Income Communities Bonus Credit Program | Bracewell LLP

The low-income communities bonus credit (the LIC Bonus), which was introduced by the Inflation Reduction Act of 2022 (the IRA), provides an enhanced tax credit for certain wind and...

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Additional Guidance Issued by Treasury on LIC Bonus

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.

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IRS Releases New Proposed Rules for the Low-Income Communities Bonus Credit for the Investment Tax Credit | Wilson Sonsini Goodrich & Rosati

On May 31, 2023, the Department of Treasury (Treasury) and Internal Revenue Service (IRS) released proposed rules that set forth application and eligibility criteria for the low-income...

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