On June 1, 2023, the Treasury Department and IRS issued additional guidance regarding the Allocation Program in the form of proposed rules which are intended to apply to the 2023 calendar year only.
The White House Office of Management and Budget (OMB) recently released the Spring 2023 Unified Agenda of Regulatory and Deregulatory Actions, which outlines the rulemaking actions.
On May 31, 2023, the Treasury Department and the Internal Revenue Service (IRS) released Notice 2023-44 (the Notice). The Notice provides additional guidance for the new program under.
On May 31 2023 the Treasury Department and the IRS released Notice 2023 44. The Notice provides additional guidance for the new program under Section 48Ce created by the IRA which allocates 10 billion of the AEPC to qualifying advanced energy projects.
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