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Issue Number: IR-2024-150Inside This IssueTreasury, IRS issue proposed regulations for owners of qualified clean electricity facilities and energy storage technologies WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations under the Inflation Reduction Act for owners of qualified clean electricity facilities and energy storage technology that may want to claim relevant tax credits. The Inflation Reduction Act of 2022 established the clean electricity production credit and the clean electricity investment credit; taxpayers may be eligible for a credit on electricity produced from a qualified clean electricity facility or may be eligible for a credit for a qualified investment in a qualified clean electricity facility or energy storage technology. The proposed regulations provide guidance for these types of facilities placed in service after 2024 and invite comments from the public on the proposed regulations. The proposed regulations provide guidance on several topics including the following: • Calculating the amount of the credits; The proposed regulations explain how the public may send comments to the IRS as well as information on the public hearing. More information about energy guidance under the Inflation Reduction Act is available at IRS.gov. Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message. |
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