Proposed Regulations on Clean Electricity tax credits
Introduction
Recently, the U.S. Department of the Treasury and the IRS unveiled long-awaited Proposed Regulations concerning clean electricity production tax credits and clean electricity investment tax credits. These regulations, known as the Tech-Neutral Credits, are set to play a pivotal role in advancing clean renewable energy in the U.S.
Key Highlights
The Tech-Neutral Credits are a key component of the Biden Administration’s energy incentives outlined in the inflation reduction act of 2022. They are designed to support the ongoing development of clean energy resources in the coming years.
Expert Insights
Authored by a team of experts including Beau Brawner, Andrew Bryant, Elina Coss, Nicole Gambino, Jaron Goddard, Brandon King, Peter Mostow, and Ryan Wong, a white paper has been prepared to delve into the specifics of claiming the Tech-Neutral Credits. These credits will replace the existing production tax credits and investment tax credits under the Internal Revenue Code.
Learn More
To explore in-depth details about claiming the Tech-Neutral Clean Electricity Credits, you can access the white paper here.
Read More of this Story at www.wsgr.com – 2024-07-03 18:51:07
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