FIRST ON FOX: Sen. Marco Rubio is leading an effort to block the Department of Transportation's rules waiving certain domestic sourcing requirements for electric vehicle chargers.
The Inflation Reduction Act of 2022 (the “IRA”) made significant changes to expand and restructure the renewable energy incentives provided by the Production Tax Credit (the “PTC”).
Inflation Reduction Act of 2022 IRA incentivize renewable energy facilities and projects Qualified Projects promote US manufacturing IRA amended Sections 45 and 48 of the Internal Revenue Code manufacturing processes for the manufactured product take place in the United States
The Notice provides a safe harbor for the classification of certain project components typically found in utility-scale photovoltaic systems, land-based wind facilities.
On May 12, 2023, the Internal Revenue Service (IRS) issued initial guidance in the form of the Notice that provides taxpayers with preliminary guidance relating to the application of.