Early yesterday morning, the House of Representatives passed President Donald Trump’s signature "One Big Beautiful Bill," largely aimed at extending the 2017 tax cuts, by a single vote (215-214). The bill includes huge...more
The application portal for the 2024 Low-Income Communities Bonus Credit Program opened on May 28, with a 30-day initial application window ending at 11:59 pm ET on June 27. All applications during the initial window are...more
The increased interest in installing solar at affordable housing projects is not surprising given that the IRC Section 48 energy investment tax credit (ITC) could subsidize as much as 70 percent of the cost and the Inflation...more
4/3/2024
/ Energy Projects ,
Energy Storage ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
LIHTC ,
Low Income Housing ,
Real Estate Development ,
Solar Energy ,
Tax Credits ,
Urban Planning & Development
The DOE Portal for submitting applications to the "Low-Income Communities Bonus Credit Program" for all four facility categories opens on October 19, 2023, at 9:00 am ET. All applications received by November 18 at midnight...more
10/18/2023
/ Department of Energy (DOE) ,
Energy Projects ,
Inflation Reduction Act (IRA) ,
Infrastructure ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Portal ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Wind Power
On Friday, May 12, 2023, the IRS released Notice 2023-38 (Notice) providing much needed guidance regarding the requirements to claim the new domestic content bonus credits available under Internal Revenue Code Sections 45,...more