About 288,000 clean energy projects have registered with the IRS to participate in the multibillion-dollar tax credit transfer market.
About 11,000 of the registrations are for direct pay, which allows tax-exempt organizations to receive cash instead of tax breaks for certain energy projects, Amber MacKenzie, an attorney-adviser at the Treasury Department, said during a Friday panel at the American Bar Association Section of Taxation 2025 May Tax Meeting.
The Democrats’ 2022 tax-and-climate law created the transfer market, which allows energy project investors and developers to sell certain tax credits. Almost $30 billion in tax credit purchase deals occurred in 2024. ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.