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Applications Inflation Reduction Act (IRA)

Mintz Edge

IRS Issues Notice 2023-44 Clarifying the 48C Program Application Process and Timeline

Mintz Edge on

On May 31, 2023, the Department of Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) released Notice 2023-44 (“Notice”) to provide additional guidance on Section 48C, a revised and expanded allocation-based...more

Bracewell LLP

Treasury Department and IRS Release Additional Guidance for the Advanced Energy Project Credit Allocation Program

Bracewell LLP on

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 Section 48C(e) created by the Inflation...more

King & Spalding

IRS Publishes Guidance on Section 48C Advanced Energy Project Tax Credit

King & Spalding on

On May 31, 2023, the IRS released Notice 2023-44 (the “Notice”) providing additional guidance on the advanced energy project tax credit (Section 48C), effectively reintroduced by the Inflation Reduction Act of 2022 (“IRA”). ...more

Bracewell LLP

Treasury Department and IRS Release Guidance on the New Domestic Content Bonus Credit

Bracewell LLP on

The domestic content bonus credit (the DC Bonus), which was introduced by the Inflation Reduction Act of 2022 (the IRA), provides an enhanced tax credit for renewable energy and storage projects constructed with sufficient...more

Perkins Coie

Hydrogen Time? New Possibilities for Energy Companies in the Public Sector

Perkins Coie on

Two decades ago, well before the current electric vehicle (EV) upsurge, hydrogen was a conceptual pillar of the clean energy movement. In his 2003 State of the Union address, then-President Bush said, “A simple chemical...more

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