The Treasury Department and IRS finalized rules Tuesday for tax credits meant to encourage the production of zero-emission electricity.
The final rules (TD 10024, RIN 1545-BR17) give more details about which taxpayers are eligible for the clean electricity production and investment credits, Sections 45Y and 48E. Also referred to as the tech-neutral energy credits, they were established by the Democrats’ 2022 tax-and-climate law and offer breaks to any eligible facility with net-zero emission or less, regardless of technology. They take effect in 2025.
The proposed rules, which came out in May 2024, broke clean energy facilities into ...
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