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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...

Revenue-service , Treasury-department , Census-bureau , Internal-revenue-service , Inflation-reduction-act , Nameplate-capacity-test-attribution-rules , Offshore-facilities , Metropolitan-statistical-area , Nameplate-capacity-test , Statistical-area-category , Fossil-fuel-employment

IRS Updates and Expands Energy Community Bonus Tax Credit Guidance | Holland & Knight LLP

The IRS released additional guidance on March 22, 2024, in the form of Notice 2024-30 (Notice) regarding the energy community bonus credit under Sections 45, 48, 45Y and 48E of the...

Holland-knight , Additional-statistical-area-category-energy-communities , Energy-communities , Energy-community-project-port , Energy-community-bonus-guidance-provides-welcome-clarity , Energy-community-bonus-guidance , Internal-revenue-code , North-american-industry-classification-system , Community-bonus-guidance-provides-welcome-clarity , Updated-energy-community-bonus-guidance , Community-project-port , Energy-community-project

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...

Reduction-act , Brownfield-category , Statistical-area-category , Coal-closure , Statistical-area-categories , Fossil-fuel , Nameplate-capacity-test ,

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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Summary of IRS Tax Guidance for the Week of June 12

McDermott Will and Emery summary of significant Internal Revenue Service IRS guidance and relevant tax matters for the week of June 12 2023 through June 16 2023.

San-diego , California , United-states , Danny-werfel , Office-of-appeals , Tax-forum-in-atlanta-on , Revenue-service , National-taxpayer , Filing-season-program , Helpful-incentives-to-produce-semiconductors , National-harbor , Internal-revenue-service

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

On June 15, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) issued Notice 2023-45 and Notice 2023-47. Notice 2023-45 clarifies requirements for a brownfield...

Revenue-service , Energy-communities-faqs-on , Bureau-of-labor-statistics , Health-administration , Treasury-department , Census-bureau , Us-energy-information-administration , Internal-revenue-service , Statistical-area-category , Coal-closure-category , Frequently-asked-questions

Energy Community Guidance Updated for Unemployment Data | Vinson & Elkins LLP

Taxpayers have anxiously been awaiting clarity on energy community status based on the 2022 unemployment rates to establish location in an energy community through metropolitan...

Department-of-treasury-the , Revenue-service , Internal-revenue-service , Statistical-area-category , Site-assessment ,

Inflation Reduction Act: New Guidance On Energy Communities Bonus Credits - Government Contracts, Procurement & PPP

The Inflation Reduction Act of 2022 (the IRA) amended the rules relating to the production tax credit (the PTC) and the investment tax credit (the ITC) to provide increased credit amounts...

United-states , Energy-communities-bonus-credit , Cleanups-in-my-community , Department-of-energy , Additional-resources-relevant-to-identifying-energy , Energy-communities , Energy-communities-bonus , International-standard-organization , Energy-community , Energy-communities-the-bonus , Brownfield-properties

US Treasury To Propose Regulations On Energy Community Bonus Credit - Oil, Gas & Electricity

On April 4, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released a notice of intent to issue proposed regulations on qualifying for the energy community bonus credit...

Census-bureau , Us-department-of-energy , Department-of-the-treasury , Health-administration , Brownfields-properties , Us-energy , Revenue-service , Us-department-of-labor , Us-bureau-of-labor , Office-of-management , Information-administration

IRS Releases Guidance On Energy Community Credit Adder - Oil, Gas & Electricity

On April 4, 2023, the Department of Treasury (the "Treasury") and the Internal Revenue Service (the "IRS") released Notice 2023-29.

Energy-community-categories , Us-department-of-energy , Department-of-treasury , Us-energy , Energy-communitycategories , Community-category , Us-department , Information-administration , Foley , Energy-community-category , Health-administration