Updated Internal Revenue Service IRS guidance for Inflation Reduction Act IRA Domestic Content Elective Safe Harbor, including review of notice 2024-41
Treasury Provides New Safe Harbor for Domestic Content Bonus Credit | Stoel Rives LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Inflation Reduction Act of 2022 the IRA incl domestic content bonus credit DC Bonus and added tax credit for renewable energy and storage projects constructed wit US sourced materials, the Domestic Content Requirement, Build America Requirements need domestic steel and Iron
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 12 May 2023, the US Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released guidance for the domestic content bonus credit under Sections 45, 45Y, 48, and 48E of the Internal Revenue Code (Code).