On August 10, 2023, the IRS issued T.D. 9979 (the "Final Regulations") and Revenue Procedure 2023-27 (the "Revenue Procedure"). The Final Regulations and the Revenue Procedure address.
On Monday, February 13, 2023, the Department of the Treasury (Treasury) and the IRS published Notice 2023-17 (the Notice), establishing the program for allocating environmental justice.
Department of the Treasury and IRS published Notice 2023-17 establishing the program for allocating environmental justice capacity limitations under Section 48e1 and providing limited initial guidance for applicants. Section 48e provides up to 20 percent investment tax credit.