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IRS Issues Guidance for Developers, Investors Seeking to Qualify for Energy Community Bonus Credits Under Inflation Reduction Act | Insights

On April 4, the Internal Revenue Service issued Notice 2023-29 (the Notice), which describes certain rules the IRS intends to include in proposed regulations for qualifying for the energy community bonus production tax credit (PTC) rate and investment tax credit (ITC) amount under the Inflation Reduction Act of 2022 (IRA). ....

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Inflation Reduction Act: New Guidance On Energy Communities Bonus Credits - Government Contracts, Procurement & PPP

The Inflation Reduction Act of 2022 (the IRA) amended the rules relating to the production tax credit (the PTC) and the investment tax credit (the ITC) to provide increased credit amounts. ....

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IRS Energy Community Bonus Production Tax Credit and Investment Tax Credit

Internal Revenue Service Notice 2023-29 for qualifying for the energy community bonus production tax credit, rate and investment tax credit under the Inflation Reduction Act, IRS energy community bonus credit requirements taxpayers satisfy to qualify as energy community project ....

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IRS Treasury Department Guidance Energy Community Bonus Credit

Energy community bonus credit introduced by the Inflation Reduction Act provides a bonus credit for projects located in Energy Communities. The EC Bonus is available for projects that qualify for clean energy tax credits under Internal Revenue Code Section 45 Section 45Y ....

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Treasury Department and IRS Release Guidance on the Energy Community Bonus Credit | Bracewell LLP

The energy community bonus credit (the EC Bonus), which was introduced by the Inflation Reduction Act of 2022 (the IRA), provides a bonus credit for projects located in Energy. ....

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