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 August 10, 2023, the Department of Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) issued final regulations (the “Final Regulations”)1 providing additional.
IRS and Department of Treasury announced proposed rule to determine eligibility for Low Income Communities Bonus Credit Program under Inflation Reduction Act. Rules define what wind and solar facilities qualify and the categories for qualifying facilities.
On May 31, the Treasury Department issued proposed regulations (REG-110412-23) detailing how small solar and wind facilities located in or connected to low-income communities (LIC) can.
The U.S. Department of the Treasury (Treasury) earlier this week issued a notice of proposed rulemaking regarding the up to 20 percentage point additional investment tax credit (ITC).