Shutdown Expected to Delay Key Energy Tax Credit Guidance (1)

Clean energy companies are expecting delays to key IRS and Treasury Department guidance about foreign influence restrictions in projects financed by tax credits, as a federal government shutdown looms.

Treasury is preparing guidance designed to implement new provisions in the GOP tax law enacted in July that prevent prohibited foreign entities, such as China and Russia, from benefiting from energy tax credits. But Democrats and Republicans in Congress have yet to reach a deal to keep the government from shutting down Oct. 1, which would delay Treasury and the IRS’s rollout of guidance for the new law.

Sean Gallagher, senior ...