June 29th, 2:00 pm CST
Register for Elective Pay Webinar: https://lnkd.in/gshhPyAC
Clean Energy Funding: Direct Pay Guidance Briefing for Local Governments & Nonprofits
“…[With] the Inflation Reduction Act’s “elective pay” (often called “direct pay”) provisions, tax-exempt and governmental entities will, for the first time, be able to receive a payment equal to the full value of tax credits for building qualifying clean energy projects. Applicable entities can use direct pay for 12 of the Inflation Reduction Act’s tax credits, including for generating clean electricity through solar, wind, and battery storage projects; building community solar projects that bring clean energy to neighborhood families; installing electric vehicle (EV) charging infrastructure; and purchasing clean vehicles for state or city vehicle fleets. See a full list of applicable tax credits for direct pay.” *
The Treasury and IRS has issued proposed guidance on direct pay and will hold a briefing on it open to all stakeholders.
To Register: https://lnkd.in/gshhPyAC
The proposed rules will be open for public comment with public hearings through August 14, 2023.
* For more information, see Direct Pay Through the Inflation Reduction Act, The Whitehouse