Starts
Monday,August 12
Ends
Tuesday,August 13
IRS Clean Energy Tax Credits
The Internal Revenue Service will hold public hearings to discuss proposed regulations on clean energy tax credits established by the 2022 Inflation Reduction Act. The proposed regulations provide guidance to implement sections 45Y and 48E that address clean electricity production and investment tax credits, respectively. The proposed rules are applicable for qualifying clean electricity projects placed in service after Dec. 31, 2024. The proposal would provide rules for determining emissions rates, petitioning for provisional emissions rates, and determining eligibility for these credits in various circumstances.